Twilio Inc. (NYSE:TWLO) Shares Acquired by BNP Paribas

BNP Paribas increased its holdings in Twilio Inc. (NYSE:TWLO) by 82.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,110 shares of the technology company’s stock after buying an additional 6,810 shares during the period. BNP Paribas’ holdings in Twilio were worth $980,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TWLO. AQR Capital Management LLC boosted its holdings in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares during the period. Panagora Asset Management Inc. boosted its stake in Twilio by 286.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares during the period. Goldentree Asset Management LP acquired a new position in Twilio during the 1st quarter valued at about $31,745,000. Finally, Pacer Advisors Inc. boosted its stake in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TWLO has been the subject of a number of analyst reports. Mizuho boosted their target price on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. UBS Group boosted their target price on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised shares of Twilio from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $120.00 in a research note on Tuesday, November 12th. Finally, Northland Securities upped their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Two 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.87.

Twilio Stock Down 1.4 %

TWLO stock opened at $102.91 on Thursday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $108.44. The company’s 50 day simple moving average is $78.96 and its 200-day simple moving average is $65.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $15.78 billion, a P/E ratio of -40.04, a P/E/G ratio of 3.05 and a beta of 1.32.

Insider Activity

In other Twilio news, insider Dana Wagner sold 4,174 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction that occurred on 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 owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,946 shares of company stock worth $3,354,771 over the last 90 days. 4.50% of the stock is owned by company insiders.

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.