Royal London Asset Management Ltd. Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

Royal London Asset Management Ltd. boosted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 11.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,127 shares of the technology company’s stock after purchasing an additional 7,053 shares during the period. Royal London Asset Management Ltd.’s holdings in Twilio were worth $4,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TWLO. Comerica Bank raised its position in shares of Twilio by 23.9% in the 1st quarter. Comerica Bank now owns 5,233 shares of the technology company’s stock worth $320,000 after acquiring an additional 1,008 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares during the last quarter. CWM LLC increased its holdings in shares of Twilio by 127.5% in the 2nd quarter. CWM LLC now owns 14,182 shares of the technology company’s stock worth $806,000 after purchasing an additional 7,948 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Twilio by 8.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,471 shares of the technology company’s stock worth $311,000 after buying an additional 448 shares during the last quarter. Finally, Farmers Trust Co. bought a new position in Twilio during the second quarter valued at approximately $2,053,000. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 2.8 %

TWLO stock opened at $113.42 on Monday. The stock has a market capitalization of $17.40 billion, a PE ratio of -44.13, a price-to-earnings-growth ratio of 3.28 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $113.57. The firm has a 50 day moving average of $85.16 and a 200 day moving average of $68.06.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the transaction, the chief financial officer now directly owns 177,869 shares in the company, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,575 shares of company stock worth $3,863,961. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TWLO. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Mizuho increased their price objective on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC upped their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Northland Securities increased their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Barclays increased their target price on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.87.

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.