Daiwa Securities Group Inc. Has $1.43 Million Holdings in Twilio Inc. (NYSE:TWLO)

Daiwa Securities Group Inc. lifted its stake in Twilio Inc. (NYSE:TWLO) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,813 shares of the technology company’s stock after acquiring an additional 400 shares during the period. Daiwa Securities Group Inc.’s holdings in Twilio were worth $1,428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Zone Wealth Advisors LLC raised its holdings in Twilio by 4.0% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock valued at $359,000 after acquiring an additional 181 shares in the last quarter. Desjardins Global Asset Management Inc. raised its stake in shares of Twilio by 15.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after purchasing an additional 192 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Twilio by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock worth $4,229,000 after purchasing an additional 194 shares during the period. CIBC Asset Management Inc boosted its stake in Twilio by 3.5% during the third quarter. CIBC Asset Management Inc now owns 6,197 shares of the technology company’s stock worth $363,000 after buying an additional 208 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in Twilio by 4.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock valued at $345,000 after buying an additional 228 shares during the period. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 2.9 %

Shares of TWLO opened at $60.33 on Wednesday. The stock’s fifty day simple moving average is $60.31 and its 200-day simple moving average is $64.03. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $10.92 billion, a PE ratio of -10.89 and a beta of 1.35. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. As a group, research analysts predict that Twilio Inc. will post -0.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 3,375 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $60.79, for a total value of $205,166.25. Following the transaction, the chief financial officer now owns 231,036 shares of the company’s stock, valued at approximately $14,044,678.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Aidan Viggiano sold 3,375 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $60.79, for a total transaction of $205,166.25. Following the completion of the transaction, the chief financial officer now directly owns 231,036 shares in the company, valued at approximately $14,044,678.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 1,666 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the sale, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,958 shares of company stock valued at $1,910,447. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, April 17th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Thursday, February 15th. Stifel Nicolaus cut their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Jefferies Financial Group lowered their price target on Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Finally, Robert W. Baird lifted their price objective on Twilio from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $68.90.

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.