APG Asset Management N.V. Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

APG Asset Management N.V. grew its position in Twilio Inc. (NYSE:TWLO) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,842 shares of the technology company’s stock after purchasing an additional 3,986 shares during the period. APG Asset Management N.V. owned approximately 0.11% of Twilio worth $9,215,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Twilio during the 4th quarter valued at approximately $169,000. TD Asset Management Inc lifted its position in Twilio by 12.3% during the fourth quarter. TD Asset Management Inc now owns 41,623 shares of the technology company’s stock valued at $3,158,000 after purchasing an additional 4,552 shares during the period. Allianz Asset Management GmbH boosted its holdings in Twilio by 36.6% in the fourth quarter. Allianz Asset Management GmbH now owns 20,061 shares of the technology company’s stock valued at $1,522,000 after purchasing an additional 5,377 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Twilio by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 77,294 shares of the technology company’s stock worth $5,864,000 after purchasing an additional 740 shares during the period. Finally, Scotia Capital Inc. raised its stake in shares of Twilio by 37.0% during the 4th quarter. Scotia Capital Inc. now owns 5,660 shares of the technology company’s stock valued at $429,000 after buying an additional 1,529 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,237 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the transaction, the insider now owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Dana Wagner sold 4,237 shares of Twilio stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.28, for a total transaction of $238,458.36. Following the sale, the insider now owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 11,241 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.29, for a total value of $632,755.89. Following the completion of the transaction, the chief executive officer now owns 300,084 shares of the company’s stock, valued at $16,891,728.36. The disclosure for this sale can be found here. Insiders sold 47,030 shares of company stock valued at $2,677,475 in the last three months. 4.50% of the stock is currently owned by insiders.

Twilio Stock Up 1.0 %

Shares of NYSE TWLO opened at $64.66 on Friday. The stock has a market cap of $11.07 billion, a PE ratio of -16.12, a P/E/G ratio of 3.59 and a beta of 1.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16. The company has a 50-day moving average of $60.41 and a 200 day moving average of $59.50.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business earned ($0.23) earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Sanford C. Bernstein raised their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Barclays decreased their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company raised their price target on shares of Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Tigress Financial upped their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.52.

Twilio Company Profile

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.