Royal London Asset Management Ltd. Purchases 4,471 Shares of Twilio Inc. (NYSE:TWLO)

Royal London Asset Management Ltd. raised its holdings in shares of Twilio Inc. (NYSE:TWLO) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,598 shares of the technology company’s stock after purchasing an additional 4,471 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Twilio were worth $7,738,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management bought a new stake in shares of Twilio during the fourth quarter worth about $344,000. Bleakley Financial Group LLC acquired a new position in Twilio during the 4th quarter valued at about $230,000. Zacks Investment Management bought a new stake in Twilio during the 3rd quarter worth approximately $3,386,000. Aigen Investment Management LP raised its stake in shares of Twilio by 81.6% in the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after purchasing an additional 5,188 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Twilio by 41.8% in the third 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 in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TWLO shares. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and upped their price target for the stock from $77.00 to $185.00 in a report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $144.00 to $160.00 in a research report on Monday, February 24th. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group lifted their target price 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 given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.35.

Twilio Stock Up 1.6 %

TWLO opened at $103.44 on Monday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a market cap of $15.79 billion, a PE ratio of -161.62, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $121.32 and a 200 day moving average of $99.40.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, sell-side analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,277 shares of company stock valued at $2,441,324 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

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.