Mitsubishi UFJ Trust & Banking Corp Has $11.66 Million Position in Twilio Inc. (NYSE:TWLO)

Mitsubishi UFJ Trust & Banking Corp cut its position in Twilio Inc. (NYSE:TWLO) by 45.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 107,840 shares of the technology company’s stock after selling 89,616 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Twilio were worth $11,655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. 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. JFS Wealth Advisors LLC raised its position in shares of 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 period. Parkside Financial Bank & Trust raised its position in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Twilio in the 4th quarter valued at approximately $44,000. Finally, Brooklyn Investment Group bought a new stake in Twilio during the 3rd quarter worth approximately $46,000. 84.27% of the stock is owned by institutional investors.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value 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. This represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TWLO. Monness Crespi & Hardt upped their price target on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $144.00 to $160.00 in a research note on Monday, February 24th. Scotiabank lifted their price target on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Finally, Mizuho lifted their target price on Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.35.

Twilio Trading Down 2.9 %

Twilio stock opened at $98.86 on Friday. 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 50-day simple moving average of $120.55 and a 200 day simple moving average of $100.67. The stock has a market capitalization of $15.09 billion, a P/E ratio of -154.47, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95.

Twilio (NYSE:TWLO) last posted its 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 business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

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.