Twilio Inc. (NYSE:TWLO) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 302.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 139,929 shares of the technology company’s stock after purchasing an additional 105,161 shares during the period. Vinva Investment Management Ltd owned 0.09% of Twilio worth $9,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. KBC Group NV lifted its position in shares of Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares during the last quarter. Affinity Investment Advisors LLC acquired a new position in Twilio in the third quarter valued at about $434,000. Los Angeles Capital Management LLC purchased a new position in Twilio during the third quarter worth about $2,168,000. Finally, Palo Alto Wealth Advisors LLC purchased a new position in shares of Twilio during the 3rd quarter worth approximately $757,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

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

Wall Street Analyst Weigh In

TWLO has been the subject of several research reports. Robert W. Baird boosted their price target on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their target price on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Wells Fargo & Company upgraded Twilio from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $120.00 in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein increased their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.87.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total value of $731,002.36. Following the transaction, the chief executive officer now owns 267,090 shares of the company’s stock, valued at approximately $17,678,687.10. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 152,563 shares in the company, valued at $9,919,646.26. This trade represents a 2.66 % decrease in their ownership of the stock. 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 quarter. 4.50% of the stock is currently 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.