AIA Group Ltd Has $412,000 Stock Holdings in Twilio Inc. (NYSE:TWLO)

AIA Group Ltd boosted its stake in Twilio Inc. (NYSE:TWLO) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,209 shares of the technology company’s stock after purchasing an additional 185 shares during the quarter. AIA Group Ltd’s holdings in Twilio were worth $412,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TWLO. Brighton Jones LLC grew its holdings in Twilio by 6.6% in the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 623 shares during the period. Wellington Management Group LLP grew its holdings in shares of Twilio by 13.0% during the fourth quarter. Wellington Management Group LLP now owns 5,937 shares of the technology company’s stock valued at $642,000 after buying an additional 685 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Twilio by 101.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 46,993 shares of the technology company’s stock valued at $5,079,000 after buying an additional 23,608 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Twilio by 38.5% during the fourth quarter. Invesco Ltd. now owns 501,326 shares of the technology company’s stock valued at $54,183,000 after buying an additional 139,384 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Twilio during the fourth quarter valued at about $25,778,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Khozema Shipchandler sold 13,595 shares of the business’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total value of $1,591,430.70. Following the sale, the chief executive officer owned 246,986 shares of the company’s stock, valued at $28,912,181.16. The trade was a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock valued at $6,753,409 over the last quarter. Company insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Shares of TWLO stock opened at $95.09 on Wednesday. The firm has a market cap of $14.52 billion, a price-to-earnings ratio of 792.48, a P/E/G ratio of 2.95 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.90. Twilio Inc. has a 52 week low of $56.85 and a 52 week high of $151.95. The firm’s 50-day simple moving average is $120.94 and its two-hundred day simple moving average is $113.91.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. As a group, equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho reduced their price objective on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. KeyCorp assumed coverage on shares of Twilio in a report on Friday, June 6th. They set an “overweight” rating and a $146.00 price objective for the company. Piper Sandler lifted their price objective on shares of Twilio from $140.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Robert W. Baird reduced their price objective on shares of Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, UBS Group dropped their price target on shares of Twilio from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and an average price target of $126.74.

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.