Skandinaviska Enskilda Banken AB publ Has $3.29 Million Holdings in Twilio Inc. (NYSE:TWLO)

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Twilio Inc. (NYSE:TWLO) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,304 shares of the technology company’s stock after selling 1,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Twilio were worth $3,288,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its stake in Twilio by 244.0% during the 4th 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 raised its stake in 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 period. Centricity Wealth Management LLC acquired a new stake in Twilio during the 4th quarter worth $44,000. True Wealth Design LLC raised its stake 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 buying an additional 416 shares during the period. 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 buying an additional 360 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Trading Up 4.2 %

Twilio stock opened at $98.90 on Monday. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market capitalization of $15.10 billion, a P/E ratio of -154.53, a PEG ratio of 4.30 and a beta of 1.47. The stock has a 50-day simple moving average of $122.22 and a 200 day simple moving average of $98.00.

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

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock worth $2,441,324 over the last three months. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of a number of research reports. Tigress Financial increased their target price on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Mizuho increased their target price on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a report on Friday. Needham & Company LLC increased their target price on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Stifel Nicolaus increased their target price on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and an average target price of $134.26.

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.