Twilio Inc. (NYSE:TWLO) Holdings Lifted by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its holdings in Twilio Inc. (NYSE:TWLO) by 302.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,929 shares of the technology company’s stock after acquiring an additional 105,161 shares during the period. Vinva Investment Management Ltd’s holdings in Twilio were worth $9,215,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TWLO. O Shaughnessy Asset Management LLC acquired a new position in Twilio in the first quarter worth approximately $203,000. Price T Rowe Associates Inc. MD boosted its stake in Twilio by 3.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 123,103 shares of the technology company’s stock valued at $7,529,000 after purchasing an additional 3,780 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Twilio by 164.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,793 shares of the technology company’s stock valued at $632,000 after purchasing an additional 6,716 shares during the period. Tidal Investments LLC increased its stake in Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after acquiring an additional 166 shares during the period. Finally, Comerica Bank raised its stake in shares of Twilio by 23.9% in the first quarter. Comerica Bank now owns 5,233 shares of the technology company’s stock valued at $320,000 after purchasing an additional 1,008 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,174 shares of Twilio stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the sale, the insider now directly owns 152,563 shares in the company, valued at approximately $9,919,646.26. The trade was a 2.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,682 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total transaction of $437,938.28. Following the transaction, the chief financial officer now owns 171,187 shares of the company’s stock, valued at approximately $11,219,595.98. This represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

TWLO has been the topic of several analyst reports. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Northland Securities upped their price target on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC boosted their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird raised their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Two 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.87.

Twilio Price Performance

TWLO stock opened at $102.91 on Thursday. The stock has a 50-day moving average price of $78.96 and a two-hundred day moving average price of $65.74. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $108.44. The stock has a market cap of $15.78 billion, a PE ratio of -40.04, a price-to-earnings-growth ratio of 3.05 and a beta of 1.32. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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.