Principal Securities Inc. Increases Position in Twilio Inc. (NYSE:TWLO)

Principal Securities Inc. grew its holdings in Twilio Inc. (NYSE:TWLO) by 133.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,303 shares of the technology company’s stock after acquiring an additional 744 shares during the period. Principal Securities Inc.’s holdings in Twilio were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its stake in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. KBC Group NV lifted its position in shares of Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after acquiring an additional 258,469 shares during the period. Franklin Resources Inc. increased its position in shares of Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after buying an additional 193,971 shares in the last quarter. Finally, Vinva Investment Management Ltd grew its position in shares of Twilio by 302.5% in the third quarter. Vinva Investment Management Ltd now owns 139,929 shares of the technology company’s stock valued at $9,215,000 after purchasing an additional 105,161 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TWLO. JMP Securities reiterated a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. Northland Securities boosted their target price on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and an average target price of $134.26.

Twilio Stock Performance

Shares of TWLO opened at $115.44 on Wednesday. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of -180.38, a PEG ratio of 4.30 and a beta of 1.42. The stock has a 50 day moving average of $122.33 and a 200 day moving average of $93.60. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. As a group, sell-side analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity

In other news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,906 shares of company stock valued at $2,950,514. Corporate insiders own 4.50% of the company’s stock.

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.