Norges Bank Makes New Investment in Twilio Inc. (NYSE:TWLO)

Norges Bank bought a new stake in Twilio Inc. (NYSE:TWLO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,055,389 shares of the technology company’s stock, valued at approximately $222,146,000.

A number of other large investors also recently made changes to their positions in TWLO. True Wealth Design LLC boosted its position in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Twilio by 79.4% in 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 last quarter. Centricity Wealth Management LLC bought a new position in Twilio during the fourth quarter valued at about $44,000. Finally, Private Trust Co. NA increased its holdings in Twilio by 395.6% during the fourth 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 last quarter. 84.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. UBS Group raised their target price on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Barclays increased their price target on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $135.35.

Twilio Stock Performance

Shares of TWLO opened at $98.86 on Monday. 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 stock has a 50-day moving average price of $120.55 and a 200-day moving average price of $100.97. The company has a market cap of $15.09 billion, a PE ratio of -154.47, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO) last released 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). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,277 shares of company stock worth $2,441,324. Corporate insiders own 4.50% of the company’s stock.

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.