BNP Paribas Raises Holdings in Twilio Inc. (NYSE:TWLO)

BNP Paribas lifted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 82.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,110 shares of the technology company’s stock after purchasing an additional 6,810 shares during the period. BNP Paribas’ holdings in Twilio were worth $980,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Covestor Ltd increased its stake in shares of Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares in the last quarter. Tidal Investments LLC boosted its position in Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares during the last quarter. Metis Global Partners LLC boosted its position in Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after acquiring an additional 182 shares during the last quarter. Arizona State Retirement System boosted its position in Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after acquiring an additional 205 shares during the last quarter. Finally, US Bancorp DE boosted its position in Twilio by 4.7% during the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after acquiring an additional 217 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. UBS Group raised their target price on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. TD Cowen raised their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Sanford C. Bernstein lifted their price target on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Finally, StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.87.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 3.83 % 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 quarter. Company insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Twilio stock opened at $102.91 on Thursday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $108.44. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of -40.04, a price-to-earnings-growth ratio of 3.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm’s fifty day moving average price is $78.96 and its 200 day moving average price is $65.74.

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.