Harvest Fund Management Co. Ltd Invests $1.99 Million in Twilio Inc. (NYSE:TWLO)

Harvest Fund Management Co. Ltd purchased a new position in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,423 shares of the technology company’s stock, valued at approximately $1,992,000.

Several other large investors have also recently modified their holdings of TWLO. Ritholtz Wealth Management bought a new stake in Twilio in the 4th quarter worth about $344,000. Bleakley Financial Group LLC bought a new stake in Twilio in the 4th quarter worth about $230,000. Zacks Investment Management bought a new stake in Twilio in the 3rd quarter worth about $3,386,000. Aigen Investment Management LP increased its holdings in Twilio by 81.6% in the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after buying an additional 5,188 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Twilio by 41.8% in the 3rd quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock worth $2,537,000 after buying an additional 11,472 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TWLO shares. Stifel Nicolaus lifted their price objective on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Mizuho lifted their price objective on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Tigress Financial boosted their price target on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Needham & Company LLC boosted their price target on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, William Blair restated an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. One equities research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 in the company, 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. In the last three months, insiders have sold 21,277 shares of company stock valued at $2,441,324. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Up 3.7 %

NYSE TWLO opened at $102.96 on Thursday. The stock’s 50 day moving average is $121.60 and its 200 day moving average is $98.56. 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 12 month low of $52.51 and a 12 month high of $151.95. The stock has a market cap of $15.72 billion, a PE ratio of -160.88, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last posted 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). 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 during the quarter, compared to analysts’ expectations of $1.19 billion. Research analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal 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.