KLP Kapitalforvaltning AS Makes New $8.71 Million Investment in Twilio Inc. (NYSE:TWLO)

KLP Kapitalforvaltning AS bought a new stake in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 80,600 shares of the technology company’s stock, valued at approximately $8,711,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC boosted its holdings in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new position in Twilio during the fourth quarter worth $44,000. Finally, Brooklyn Investment Group purchased a new position in Twilio in the third quarter worth $46,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,277 shares of company stock valued at $2,441,324. Insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Shares of TWLO opened at $106.40 on Tuesday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company’s 50 day simple moving average is $121.29 and its 200 day simple moving average is $99.71. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of -166.25, a PEG ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, sell-side analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TWLO shares. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Mizuho upped their target price on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $165.00 price target on shares of Twilio in a research report on Friday, February 14th. Needham & Company LLC upped their price target on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group lifted their price objective on Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.35.

Twilio 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.