Forsta AP Fonden Has $4.75 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Forsta AP Fonden increased its position in shares of Twilio Inc. (NYSE:TWLO) by 30.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,900 shares of the technology company’s stock after acquiring an additional 10,200 shares during the quarter. Forsta AP Fonden’s holdings in Twilio were worth $4,745,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 929 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Twilio by 19.0% in the second quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock valued at $1,307,000 after acquiring an additional 3,680 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Twilio by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock worth $1,942,000 after acquiring an additional 768 shares during the period. Sanctuary Advisors LLC acquired a new stake in Twilio during the 2nd quarter worth $918,000. Finally, SG Americas Securities LLC acquired a new position in shares of Twilio in the 3rd quarter valued at $1,274,000. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,015 shares of company stock worth $2,483,695. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the subject of a number of analyst reports. Oppenheimer lifted their price objective on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Needham & Company LLC increased their price target on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. Tigress Financial increased their target price on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Mizuho boosted their price target on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Twilio presently has an average rating of “Moderate Buy” and a consensus price target of $119.25.

Twilio Trading Down 1.2 %

Twilio stock opened at $146.58 on Friday. The company has a market cap of $22.48 billion, a price-to-earnings ratio of -57.03, a P/E/G ratio of 3.57 and a beta of 1.38. The firm has a 50-day moving average of $112.95 and a 200-day moving average of $83.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95.

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.