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

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Twilio Inc. (NYSE:TWLO) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,758 shares of the technology company’s stock after acquiring an additional 12,117 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Twilio were worth $13,543,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. True Wealth Design LLC increased its position in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. JFS Wealth Advisors LLC grew 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 buying an additional 266 shares during the period. Parkside Financial Bank & Trust increased its holdings in Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Twilio in the fourth quarter valued at about $44,000. Finally, Private Trust Co. NA boosted its holdings in Twilio by 395.6% in 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 during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TWLO. 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. Oppenheimer increased their target price on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Scotiabank lifted their price target on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, William Blair restated an “outperform” rating 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 given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.35.

Twilio Stock Performance

TWLO 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 business’s 50 day moving average is $120.28 and its 200-day moving average is $101.24. The stock has a market cap of $14.99 billion, a PE ratio of -153.44, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95.

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

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 1,391 shares of Twilio stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s 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 completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

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.