Twilio Inc. (NYSE:TWLO) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 17.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,492 shares of the technology company's stock after acquiring an additional 75,845 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.28% of Twilio worth $38,428,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Synovus Financial Corp increased its stake in shares of Twilio by 6.9% in the 3rd quarter. Synovus Financial Corp now owns 4,764 shares of the technology company's stock valued at $279,000 after acquiring an additional 306 shares in the last quarter. Barclays PLC increased its stake in Twilio by 139.5% during the 2nd quarter. Barclays PLC now owns 245,570 shares of the technology company's stock valued at $15,624,000 after purchasing an additional 143,020 shares in the last quarter. Pearl River Capital LLC increased its stake in Twilio by 363.2% during the 3rd quarter. Pearl River Capital LLC now owns 30,641 shares of the technology company's stock valued at $1,793,000 after purchasing an additional 24,026 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Twilio by 10.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company's stock valued at $69,372,000 after purchasing an additional 113,042 shares in the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in Twilio during the 3rd quarter valued at $4,738,000. Institutional investors own 84.27% of the company's stock.

Twilio Trading Down 0.1 %

Shares of NYSE:TWLO traded down $0.05 during trading on Friday, reaching $60.08. 1,830,990 shares of the company traded hands, compared to its average volume of 2,729,723. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of -10.84 and a beta of 1.35. Twilio Inc. has a 52-week low of $45.02 and a 52-week high of $78.16. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The business's fifty day moving average is $62.93 and its 200-day moving average is $63.84.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. As a group, analysts forecast that Twilio Inc. will post -0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Twilio from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, December 13th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $50.00 price objective on shares of Twilio in a report on Wednesday, March 6th. Robert W. Baird upped their price target on Twilio from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. HSBC cut shares of Twilio from a "hold" rating to a "reduce" rating and decreased their price objective for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Twilio from $69.00 to $70.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $68.90.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 1,694 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares of the company's stock, valued at $10,529,034.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 1,666 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the transaction, the insider now owns 130,456 shares of the company's stock, valued at approximately $8,208,291.52. The disclosure for this sale can be found here. Insiders sold 26,742 shares of company stock valued at $1,653,618 over the last quarter. 4.20% of the stock is owned by company insiders.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.