Norges Bank Purchases New Position in Twilio Inc. (NYSE:TWLO)

Norges Bank acquired a new position in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,369,036 shares of the technology company’s stock, valued at approximately $179,739,000. Norges Bank owned 1.31% of Twilio as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TWLO. Principal Securities Inc. purchased a new position in Twilio during the 4th quarter valued at $25,000. Truvestments Capital LLC raised its position in shares of Twilio by 123.5% in the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after acquiring an additional 247 shares in the last quarter. Blue Trust Inc. grew its stake in Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after purchasing an additional 564 shares during the period. Friedenthal Financial bought a new position in Twilio in the fourth quarter worth $46,000. Finally, Fifth Third Bancorp purchased a new position in Twilio during the fourth quarter valued at $49,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

Shares of NYSE:TWLO opened at $60.20 on Thursday. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $10.30 billion, a PE ratio of -15.01, a price-to-earnings-growth ratio of 10.20 and a beta of 1.33. The firm’s 50 day moving average price is $60.81 and its 200-day moving average price is $64.99. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16.

Insider Buying and Selling at Twilio

In related news, insider Dana Wagner sold 4,130 shares of Twilio stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.14, for a total transaction of $256,638.20. Following the transaction, the insider now directly owns 167,614 shares in the company, valued at $10,415,533.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Twilio news, insider Dana Wagner sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.14, for a total value of $256,638.20. Following the completion of the transaction, the insider now directly owns 167,614 shares in the company, valued at $10,415,533.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now owns 335,982 shares in the company, valued at $20,874,561.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,692 shares of company stock valued at $1,714,597. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TWLO. The Goldman Sachs Group increased their price target on shares of Twilio from $69.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. HSBC cut Twilio from a “hold” rating to a “reduce” rating and dropped their price target for the stock from $62.00 to $61.00 in a research report on Wednesday, February 14th. Macquarie lowered their price objective on Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $71.00 target price on shares of Twilio in a report on Monday. Finally, Wells Fargo & Company reduced their price target on Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.95.

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.