Robeco Institutional Asset Management B.V. Increases Position in Twilio Inc. (NYSE:TWLO)

Robeco Institutional Asset Management B.V. grew its stake in Twilio Inc. (NYSE:TWLO) by 258.4% in the third quarter, Holdings Channel.com reports. The firm owned 874,647 shares of the technology company’s stock after acquiring an additional 630,627 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Twilio were worth $57,044,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its stake in shares of Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Twilio by 3.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after purchasing an additional 201 shares during the period. Arizona State Retirement System boosted its holdings in Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after purchasing an additional 205 shares during the last quarter. US Bancorp DE grew its stake in shares of Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after buying an additional 217 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Twilio by 0.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the subject of several analyst reports. TD Cowen increased their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays increased their price target on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday. JMP Securities restated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Oppenheimer increased their target price on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Tigress Financial boosted their price target on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Twilio has a consensus rating of “Hold” and a consensus price target of $79.55.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. This trade represents a 0.00 % 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 4,512 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the sale, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,418 shares of company stock valued at $3,749,556 over the last quarter. 4.50% of the stock is owned by insiders.

Twilio Stock Performance

NYSE TWLO opened at $87.50 on Tuesday. Twilio Inc. has a 52 week low of $52.45 and a 52 week high of $88.96. The firm has a 50 day moving average of $66.33 and a two-hundred day moving average of $61.35. 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 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.