Johnson Financial Group Inc. Invests $335,000 in Twilio Inc. (NYSE:TWLO)

Johnson Financial Group Inc. purchased a new position in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,416 shares of the technology company’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in Twilio by 14.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after purchasing an additional 167 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its position in Twilio by 4.0% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after purchasing an additional 181 shares in the last quarter. Brighton Jones LLC increased its position in Twilio by 1.8% during the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock worth $775,000 after purchasing an additional 185 shares in the last quarter. Desjardins Global Asset Management Inc. increased its position in Twilio by 15.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock worth $112,000 after purchasing an additional 192 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its position in Twilio by 4.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock worth $345,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group decreased their price target on shares of Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Wells Fargo & Company decreased their price target on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 6th. Piper Sandler upped their price target on shares of Twilio from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Jefferies Financial Group decreased their price objective on shares of Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Twilio has a consensus rating of “Hold” and a consensus price target of $69.95.

Twilio Stock Up 0.2 %

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

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,130 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.14, for a total value of $256,638.20. Following the completion of the sale, the insider now owns 167,614 shares in the company, valued at $10,415,533.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Dana Wagner sold 4,130 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $62.14, for a total value of $256,638.20. Following the completion of the sale, the insider now owns 167,614 shares in the company, valued at $10,415,533.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the sale, the chief executive officer now owns 335,982 shares of the company’s stock, valued at approximately $20,874,561.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,692 shares of company stock valued at $1,714,597. 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.