Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Twilio Inc. (NYSE:TWLO)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Twilio Inc. (NYSE:TWLO) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,758 shares of the technology company’s stock after acquiring an additional 12,117 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Twilio worth $13,543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TWLO. JFS Wealth Advisors LLC lifted its stake in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 166 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Twilio in the 4th quarter valued at $44,000. True Wealth Design LLC grew its position in shares of 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 buying an additional 416 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after acquiring an additional 360 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was 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 approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,277 shares of company stock valued at $2,441,324. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and upped their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. UBS Group upped their target price on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus increased their price objective on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. Morgan Stanley upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Finally, Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and a consensus price target of $135.35.

Twilio Stock Down 0.8 %

TWLO stock opened at $98.20 on Tuesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $120.28 and its 200 day moving average price is $101.24. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a market cap of $14.99 billion, a P/E ratio of -153.44, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last released 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.