OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in Twilio Inc. (NYSE:TWLO)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,142 shares of the technology company’s stock, valued at approximately $340,000.

Several other hedge funds have also modified their holdings of the business. Xponance Inc. boosted its stake in shares of Twilio by 1.1% in the fourth quarter. Xponance Inc. now owns 17,623 shares of the technology company’s stock valued at $1,905,000 after buying an additional 193 shares in the last quarter. Boston Partners boosted its stake in shares of Twilio by 16.1% in the fourth quarter. Boston Partners now owns 163,474 shares of the technology company’s stock valued at $17,673,000 after buying an additional 22,655 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $1,913,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Twilio in the fourth quarter valued at approximately $1,865,000. Finally, Clayton Partners LLC boosted its stake in shares of Twilio by 19.7% in the fourth quarter. Clayton Partners LLC now owns 58,178 shares of the technology company’s stock valued at $6,288,000 after buying an additional 9,570 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Twilio

In other Twilio news, 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 of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were 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 of the company’s stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,277 shares of company stock valued at $2,441,324. Company insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Twilio stock opened at $101.74 on Friday. The firm has a market capitalization of $15.53 billion, a P/E ratio of -158.97, a PEG ratio of 4.30 and a beta of 1.47. The stock has a fifty day moving average price of $121.41 and a 200 day moving average price of $98.58. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. 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 (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TWLO. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $160.00 in a research note on Friday, January 24th. Monness Crespi & Hardt lifted their price objective on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. 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. Wells Fargo & Company lifted their price objective on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Barclays lifted their price objective on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.35.

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.