Korea Investment CORP Sells 36,500 Shares of Twilio Inc. (NYSE:TWLO)

Korea Investment CORP lowered its position in Twilio Inc. (NYSE:TWLO) by 19.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 153,320 shares of the technology company’s stock after selling 36,500 shares during the period. Korea Investment CORP owned 0.10% of Twilio worth $16,571,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC grew its stake in Twilio by 5,200.0% during 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 period. JFS Wealth Advisors LLC grew its position 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 buying an additional 266 shares during the period. Parkside Financial Bank & Trust increased its stake 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 valued at $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Twilio in the fourth quarter worth $44,000. Finally, Brooklyn Investment Group bought a new stake in Twilio in the third quarter valued at $46,000. 84.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $160.00 in a research report on Friday, January 24th. JMP Securities restated a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. UBS Group increased their target price on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 14th. William Blair restated an “outperform” rating on shares of Twilio in a research note on Friday, February 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.35.

Insider Buying and Selling at Twilio

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

Twilio Stock Performance

NYSE TWLO opened at $98.86 on Friday. 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 has a market capitalization 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 52-week low of $52.51 and a 52-week high of $151.95. The company has a 50-day simple moving average of $120.55 and a 200 day simple moving average of $100.67.

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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

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.