FUKOKU MUTUAL LIFE INSURANCE Co Takes Position in Twilio Inc. (NYSE:TWLO)

FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in shares of Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,974 shares of the technology company’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently added to or reduced their stakes in TWLO. Raymond James & Associates boosted its position in Twilio by 235.4% in the 3rd quarter. Raymond James & Associates now owns 77,386 shares of the technology company’s stock valued at $5,047,000 after buying an additional 54,310 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Twilio by 9,679.5% during the third quarter. International Assets Investment Management LLC now owns 89,091 shares of the technology company’s stock valued at $5,811,000 after acquiring an additional 88,180 shares during the period. Forsta AP Fonden boosted its holdings in Twilio by 4.3% in the third quarter. Forsta AP Fonden now owns 33,700 shares of the technology company’s stock valued at $2,198,000 after acquiring an additional 1,400 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its holdings in Twilio by 50.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 32,970 shares of the technology company’s stock worth $2,108,000 after purchasing an additional 11,105 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,906 shares of company stock valued at $2,950,514 in the last quarter. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TWLO shares. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Monness Crespi & Hardt upped their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Oppenheimer increased their price target on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. TD Cowen lifted their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, JMP Securities reissued a “market outperform” rating and issued a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.26.

Twilio Price Performance

Shares of NYSE TWLO opened at $117.18 on Friday. The company has a fifty day moving average price of $122.83 and a 200 day moving average price of $93.94. The firm has a market cap of $17.97 billion, a PE ratio of -183.09, a PEG ratio of 4.30 and a beta of 1.42. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

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

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.