Boston Partners Acquires 22,655 Shares of Twilio Inc. (NYSE:TWLO)

Boston Partners lifted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 16.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 163,474 shares of the technology company’s stock after acquiring an additional 22,655 shares during the quarter. Boston Partners’ holdings in Twilio were worth $17,673,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. boosted its position in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Twilio by 1,267.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company’s stock worth $49,115,000 after buying an additional 421,199 shares during the last quarter. KBC Group NV boosted its holdings in shares of Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after buying an additional 258,469 shares during the period. Raymond James Financial Inc. acquired a new position in Twilio in the 4th quarter valued at about $25,778,000. Finally, Franklin Resources Inc. raised its holdings in Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after acquiring an additional 193,971 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Monness Crespi & Hardt boosted their price objective on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Oppenheimer lifted their target price on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Jefferies Financial Group boosted their target price on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.35.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is currently owned by insiders.

Twilio Trading Down 1.2 %

Shares of Twilio stock opened at $101.74 on Friday. The firm’s 50 day moving average is $121.41 and its 200 day moving average is $98.58. The firm has a market capitalization of $15.53 billion, a PE ratio of -158.97, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share 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 for the quarter, compared to the consensus estimate of $1.19 billion. Equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.