PGGM Investments Buys 13,562 Shares of Twilio Inc. (NYSE:TWLO)

PGGM Investments lifted its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 81.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,114 shares of the technology company's stock after purchasing an additional 13,562 shares during the quarter. PGGM Investments' holdings in Twilio were worth $3,255,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TWLO. Covestor Ltd lifted its position in shares of Twilio by 16.7% in the third 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. Los Angeles Capital Management LLC bought a new stake in shares of Twilio in the third quarter worth $2,168,000. Venturi Wealth Management LLC lifted its position in shares of Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after purchasing an additional 493 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Twilio by 0.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 375,762 shares of the technology company's stock worth $24,507,000 after purchasing an additional 3,238 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in Twilio during the third quarter worth $415,000. Institutional investors own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several analyst reports. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $144.00 to $160.00 in a research report on Monday, February 24th. Barclays upped their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $50.00 price target on shares of Twilio in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group upped their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $134.26.

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Twilio Stock Performance

Shares of TWLO stock traded down $1.29 on Tuesday, hitting $99.12. The company's stock had a trading volume of 1,418,986 shares, compared to its average volume of 3,628,146. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock's 50 day moving average is $121.97 and its 200-day moving average is $98.27. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company has a market capitalization of $15.13 billion, a PE ratio of -154.88, a PEG ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company's stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,277 shares of company stock worth $2,441,324 over the last ninety days. Corporate insiders own 4.50% of the company's stock.

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.