Royal London Asset Management Ltd. Purchases 7,053 Shares of Twilio Inc. (NYSE:TWLO)

Royal London Asset Management Ltd. raised its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 11.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,127 shares of the technology company's stock after acquiring an additional 7,053 shares during the period. Royal London Asset Management Ltd.'s holdings in Twilio were worth $4,378,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Investment Management Corp of Ontario raised its stake in shares of Twilio by 834.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 36,647 shares of the technology company's stock worth $2,390,000 after purchasing an additional 32,725 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Twilio by 0.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company's stock worth $56,541,000 after purchasing an additional 4,061 shares during the period. Centiva Capital LP raised its stake in shares of Twilio by 11.7% during the 3rd quarter. Centiva Capital LP now owns 37,912 shares of the technology company's stock worth $2,473,000 after purchasing an additional 3,973 shares during the period. Circumference Group LLC raised its stake in shares of Twilio by 11.1% during the 3rd quarter. Circumference Group LLC now owns 50,000 shares of the technology company's stock worth $3,261,000 after purchasing an additional 5,000 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Twilio by 239.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,188 shares of the technology company's stock worth $664,000 after purchasing an additional 7,191 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Twilio from $67.00 to $77.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. JMP Securities reiterated a "market outperform" rating and set a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. Piper Sandler lifted their price objective on Twilio from $83.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Barclays lifted their price objective on Twilio from $65.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, Tigress Financial lifted their price objective on Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $85.87.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,174 shares of the business's stock in a transaction that occurred 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 owns 152,563 shares of the company's stock, valued at $9,919,646.26. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,575 shares of company stock valued at $3,863,961. 4.50% of the stock is owned by corporate insiders.

Twilio Price Performance

Shares of NYSE TWLO traded down $3.69 during midday trading on Monday, hitting $109.73. 1,861,135 shares of the company's stock were exchanged, compared to its average volume of 2,691,159. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $113.90. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The business's fifty day moving average price is $85.16 and its two-hundred day moving average price is $68.06.

Twilio Company 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.