Principal Financial Group Inc. Has $15.41 Million Stake in Twilio Inc. (NYSE:TWLO)

Principal Financial Group Inc. boosted its holdings in Twilio Inc. (NYSE:TWLO) by 1,124.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,602 shares of the technology company’s stock after purchasing an additional 130,959 shares during the quarter. Principal Financial Group Inc. owned about 0.09% of Twilio worth $15,412,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Allworth Financial LP raised its stake in Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after acquiring an additional 94 shares during the period. GHP Investment Advisors Inc. grew its holdings in shares of Twilio by 10.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after purchasing an additional 104 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares in the last quarter. Covestor Ltd boosted its stake in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after buying an additional 148 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after buying an additional 170 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Stock Down 2.2 %

TWLO opened at $115.44 on Wednesday. The business has a 50-day moving average of $122.33 and a two-hundred day moving average of $93.60. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of -180.38, a price-to-earnings-growth ratio of 4.30 and a beta of 1.42. 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 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

TWLO has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research note on Tuesday, January 21st. Scotiabank increased their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Morgan Stanley raised Twilio from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $144.00 to $160.00 in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,906 shares of company stock worth $2,950,514 in the last three months. 4.50% of the stock is owned by insiders.

Twilio 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.