Mitsubishi UFJ Trust & Banking Corp Sells 98,399 Shares of Twilio Inc. $TWLO

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Twilio Inc. (NYSE:TWLO) by 61.0% in the third quarter, HoldingsChannel reports. The firm owned 63,003 shares of the technology company’s stock after selling 98,399 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Twilio were worth $6,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Twilio during the 2nd quarter worth about $228,877,000. Nordea Investment Management AB lifted its position in Twilio by 4,231.2% during the second quarter. Nordea Investment Management AB now owns 1,123,638 shares of the technology company’s stock worth $139,736,000 after acquiring an additional 1,097,695 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Twilio by 752.5% during the third quarter. Voya Investment Management LLC now owns 755,015 shares of the technology company’s stock worth $75,569,000 after acquiring an additional 666,448 shares during the period. Atreides Management LP grew its position in shares of Twilio by 533.1% in the second quarter. Atreides Management LP now owns 730,300 shares of the technology company’s stock valued at $90,820,000 after purchasing an additional 614,943 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Twilio by 17,371.0% during the second quarter. Neuberger Berman Group LLC now owns 547,192 shares of the technology company’s stock worth $68,049,000 after purchasing an additional 544,060 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on TWLO. Monness Crespi & Hardt boosted their price target on Twilio from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Needham & Company LLC boosted their target price on shares of Twilio from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Twilio in a research report on Friday, October 31st. Stifel Nicolaus lifted their price objective on shares of Twilio from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, October 31st. Finally, Mizuho set a $150.00 target price on shares of Twilio in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Twilio has an average rating of “Moderate Buy” and a consensus target price of $146.44.

Twilio Price Performance

Shares of NYSE:TWLO opened at $123.45 on Friday. The firm has a 50 day moving average of $132.23 and a 200-day moving average of $120.07. Twilio Inc. has a 12 month low of $77.51 and a 12 month high of $151.95. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $18.94 billion, a PE ratio of 301.10, a PEG ratio of 2.65 and a beta of 1.30.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.18. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. Twilio had a net margin of 1.37% and a return on equity of 3.36%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. On average, equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 7,213 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $135.97, for a total transaction of $980,751.61. Following the completion of the sale, the chief financial officer directly owned 112,236 shares in the company, valued at $15,260,728.92. This represents a 6.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew Stafman sold 1,000,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $129.00, for a total value of $129,000,000.00. Following the completion of the sale, the director directly owned 2,295,000 shares in the company, valued at $296,055,000. This trade represents a 30.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,043,438 shares of company stock worth $135,022,770 over the last three months. Insiders own 0.21% of the company’s stock.

Twilio Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.