KBC Group NV increased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 67.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,705 shares of the technology company's stock after purchasing an additional 9,140 shares during the quarter. KBC Group NV's holdings in Twilio were worth $1,481,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in TWLO. Victory Capital Management Inc. grew its stake in Twilio by 41.8% in the 3rd quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company's stock valued at $2,537,000 after purchasing an additional 11,472 shares during the period. Aigen Investment Management LP bought a new position in Twilio during the third quarter valued at about $415,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Twilio by 0.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company's stock worth $24,507,000 after buying an additional 3,238 shares during the last quarter. Entropy Technologies LP increased its holdings in Twilio by 147.6% during the third quarter. Entropy Technologies LP now owns 24,596 shares of the technology company's stock worth $1,604,000 after buying an additional 14,662 shares during the last quarter. Finally, Versor Investments LP raised its position in Twilio by 12.0% in the third quarter. Versor Investments LP now owns 14,109 shares of the technology company's stock worth $920,000 after acquiring an additional 1,509 shares during the period. 84.27% of the stock is owned by institutional investors.
Insider Activity
In related news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares of the company's stock, valued at $18,087,054.02. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 152,563 shares in the company, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,537 shares of company stock valued at $3,390,745. 4.50% of the stock is currently owned by insiders.
Twilio Stock Down 0.1 %
Shares of TWLO stock traded down $0.08 on Tuesday, hitting $96.33. 2,289,793 shares of the company's stock traded hands, compared to its average volume of 2,704,394. The company's fifty day simple moving average is $72.99 and its 200 day simple moving average is $63.76. Twilio Inc. has a one year low of $52.51 and a one year high of $101.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.
Analyst Ratings Changes
A number of research firms have recently weighed in on TWLO. Oppenheimer increased their target price on shares of Twilio from $85.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Sanford C. Bernstein lifted their price objective on Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a report on Tuesday, August 27th. Robert W. Baird lifted their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, JMP Securities reissued a "market outperform" rating and set a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $83.70.
Check Out Our Latest Report on TWLO
Twilio Profile
(
Free Report)
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.
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