Dai ichi Life Insurance Company Ltd Buys New Stake in Twilio Inc. (NYSE:TWLO)

Dai ichi Life Insurance Company Ltd purchased a new position in shares of Twilio Inc. (NYSE:TWLO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,874 shares of the technology company’s stock, valued at approximately $448,000.

Several other hedge funds and other institutional investors have also modified their holdings of TWLO. SouthState Corp lifted its stake in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio during the second quarter worth about $29,000. GAMMA Investing LLC lifted its position in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares in the last quarter. Lynx Investment Advisory purchased a new position in shares of Twilio in the second quarter valued at approximately $45,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Mizuho increased their target price on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Tigress Financial lifted their target price on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Barclays increased their price target on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company raised Twilio from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $80.00 to $120.00 in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.87.

Twilio Price Performance

Shares of NYSE TWLO opened at $102.91 on Friday. The stock has a market cap of $15.78 billion, a P/E ratio of -40.04, a P/E/G ratio of 3.05 and a beta of 1.32. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $108.44. The stock has a 50 day moving average of $79.76 and a two-hundred day moving average of $66.00. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,044 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total value of $731,002.36. Following the transaction, the chief executive officer now owns 267,090 shares of the company’s stock, valued at approximately $17,678,687.10. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.02, for a total value of $271,393.48. Following the sale, the insider now owns 152,563 shares of the company’s stock, valued at $9,919,646.26. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,946 shares of company stock valued at $3,354,771 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

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.