AIA Group Ltd Acquires Shares of 4,024 Twilio Inc. (NYSE:TWLO)

AIA Group Ltd bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,024 shares of the technology company’s stock, valued at approximately $435,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC boosted its position in shares of 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 purchasing an additional 416 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 166 shares during the period. Centricity Wealth Management LLC purchased a new stake in shares of Twilio during the 4th quarter worth approximately $44,000. Finally, Private Trust Co. NA grew its holdings in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Piper Sandler restated an “overweight” rating and set a $142.00 target price (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Tigress Financial upped their price target on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Twilio has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents 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 available at this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. 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. 4.50% of the stock is owned by insiders.

Twilio Price Performance

TWLO opened at $98.09 on Wednesday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company’s 50 day simple moving average is $119.96 and its 200 day simple moving average is $101.51. The stock has a market capitalization of $14.97 billion, a PE ratio of -153.26, a P/E/G ratio of 4.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Twilio (NYSE:TWLO) last announced 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 analysts’ expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, sell-side analysts expect that Twilio Inc. will post 1.44 EPS 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.