Johnson Financial Group Inc. Buys Shares of 4,416 Twilio Inc. (NYSE:TWLO)

Johnson Financial Group Inc. bought a new stake in shares of Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,416 shares of the technology company’s stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TWLO. Principal Financial Group Inc. increased its position in shares of Twilio by 203.6% during the 3rd quarter. Principal Financial Group Inc. now owns 207,871 shares of the technology company’s stock valued at $12,167,000 after purchasing an additional 139,395 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Twilio by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 248,713 shares of the technology company’s stock valued at $14,557,000 after purchasing an additional 2,119 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Twilio by 52.9% during the 3rd quarter. Private Advisor Group LLC now owns 8,277 shares of the technology company’s stock valued at $484,000 after purchasing an additional 2,862 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Twilio by 13.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 51,391 shares of the technology company’s stock valued at $3,008,000 after purchasing an additional 6,126 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Twilio by 13.1% during the 3rd quarter. Signaturefd LLC now owns 4,071 shares of the technology company’s stock valued at $238,000 after purchasing an additional 473 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO traded up $0.12 during midday trading on Friday, reaching $59.05. 1,490,298 shares of the stock traded hands, compared to its average volume of 2,745,959. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The stock has a market capitalization of $10.11 billion, a PE ratio of -14.73, a P/E/G ratio of 9.97 and a beta of 1.33. Twilio Inc. has a one year low of $49.86 and a one year high of $78.16. The company’s 50 day moving average is $60.76 and its 200 day moving average is $65.06.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TWLO. HSBC lowered shares of Twilio from a “hold” rating to a “reduce” rating and reduced their target price for the stock from $62.00 to $61.00 in a report on Wednesday, February 14th. Piper Sandler increased their target price on shares of Twilio from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Jefferies Financial Group reduced their target price on shares of Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and issued a $71.00 target price on shares of Twilio in a report on Monday, May 20th. Finally, Stifel Nicolaus reduced their target price on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus price target of $69.95.

Insider Activity

In other news, insider Dana Wagner sold 4,130 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.14, for a total transaction of $256,638.20. Following the completion of the transaction, the insider now directly owns 167,614 shares in the company, valued at approximately $10,415,533.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Twilio news, insider Dana Wagner sold 4,130 shares of Twilio stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.14, for a total transaction of $256,638.20. Following the completion of the transaction, the insider now directly owns 167,614 shares of the company’s stock, valued at $10,415,533.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 956 shares of Twilio stock in a transaction on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $58,975.64. Following the transaction, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,692 shares of company stock worth $1,714,597. 4.50% of the stock is currently owned by insiders.

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.