Robeco Institutional Asset Management B.V. Sells 17,124 Shares of Twilio Inc. (NYSE:TWLO)

Robeco Institutional Asset Management B.V. decreased its holdings in Twilio Inc. (NYSE:TWLO) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 857,523 shares of the technology company’s stock after selling 17,124 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Twilio were worth $92,681,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TWLO. Sei Investments Co. raised its stake in Twilio by 5.2% in the second quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after buying an additional 929 shares in the last quarter. MBB Public Markets I LLC bought a new position in Twilio in the second quarter worth approximately $716,000. Mackenzie Financial Corp raised its stake in Twilio by 19.0% in the second quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock worth $1,307,000 after buying an additional 3,680 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Twilio by 2.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock worth $1,942,000 after buying an additional 768 shares in the last quarter. Finally, Quarry LP grew its holdings in Twilio by 568.2% in the second quarter. Quarry LP now owns 3,528 shares of the technology company’s stock worth $200,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,527 shares of company stock worth $2,844,655. Company insiders own 4.50% of the company’s stock.

Twilio Price Performance

NYSE TWLO opened at $146.77 on Wednesday. The company has a fifty day moving average of $110.06 and a 200 day moving average of $82.15. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $148.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Analyst Ratings Changes

Several research firms have issued reports on TWLO. Scotiabank lifted their price target on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. UBS Group lifted their price target on shares of Twilio from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 price target on shares of Twilio in a report on Tuesday, January 21st. Stifel Nicolaus lifted their price target on shares of Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Northland Securities lifted their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $119.25.

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.