Mitsubishi UFJ Trust & Banking Corp Has $11.66 Million Stake in Twilio Inc. (NYSE:TWLO)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Twilio Inc. (NYSE:TWLO) by 45.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,840 shares of the technology company’s stock after selling 89,616 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Twilio worth $11,655,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. JFS Wealth Advisors LLC raised its stake in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings 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 worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Twilio during the fourth quarter valued at about $44,000. True Wealth Design LLC lifted its stake in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the period. Finally, Private Trust Co. NA grew its position 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 in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Down 2.9 %

Shares of NYSE TWLO opened at $98.86 on Friday. Twilio Inc. has a 1-year low of $52.51 and a 1-year 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. The company has a 50-day moving average of $120.55 and a two-hundred day moving average of $100.67. The company has a market cap of $15.09 billion, a PE ratio of -154.47, a P/E/G ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last posted 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 firm had revenue of $1.19 billion for the quarter, compared to analyst estimates 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 expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of research reports. Scotiabank raised their price objective on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. raised their target price on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Stifel Nicolaus boosted their price target on shares of Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. Tigress Financial raised their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upped their target price on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were 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 directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock valued at $2,441,324 over the last 90 days. 4.50% of the stock is owned by company insiders.

About Twilio

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.