Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 170.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,176 shares of the technology company's stock after purchasing an additional 105,257 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.11% of Twilio worth $18,068,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. JFS Wealth Advisors LLC increased its holdings in 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 buying an additional 266 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in 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 acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Twilio in the fourth quarter valued at approximately $44,000. True Wealth Design LLC raised its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after acquiring an additional 416 shares during the period. Finally, Private Trust Co. NA increased its holdings in Twilio by 395.6% during 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. 84.27% of the stock is currently owned by institutional investors.
In related news, CFO Aidan Viggiano sold 1,391 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company's stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the business'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 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 approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,277 shares of company stock valued at $2,441,324. 4.50% of the stock is currently owned by company insiders.
Several brokerages have commented on TWLO. JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Friday, February 14th. Wells Fargo & Company boosted their target price on Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Scotiabank upped their target price on Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and lifted their price target for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Finally, Morgan Stanley upgraded shares of Twilio from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and a consensus target price of $134.26.
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TWLO stock traded up $2.67 on Wednesday, reaching $102.75. The company had a trading volume of 2,351,992 shares, compared to its average volume of 2,644,309. The company has a market cap of $15.76 billion, a P/E ratio of -160.54, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. 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 company's fifty day moving average is $122.90 and its 200 day moving average is $97.21.
Twilio (NYSE:TWLO - Get Free Report) last released its quarterly 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). 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%. On average, research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.
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.
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