Robeco Institutional Asset Management B.V. Sells 17,124 Shares of Twilio Inc. (NYSE:TWLO)

Robeco Institutional Asset Management B.V. lowered its position in Twilio Inc. (NYSE:TWLO) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 857,523 shares of the technology company’s stock after selling 17,124 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.56% of Twilio worth $92,681,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TWLO. Sei Investments Co. increased its stake in Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after buying an additional 929 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in Twilio in the 2nd quarter worth $716,000. Mackenzie Financial Corp increased its stake in Twilio by 19.0% in the 2nd quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock worth $1,307,000 after buying an additional 3,680 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Twilio by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock worth $1,942,000 after buying an additional 768 shares in the last quarter. Finally, Quarry LP increased its stake in Twilio by 568.2% in the 2nd quarter. Quarry LP now owns 3,528 shares of the technology company’s stock worth $200,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of NYSE TWLO opened at $146.77 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $148.37. The firm has a 50-day simple moving average of $110.06 and a two-hundred day simple moving average of $82.15.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction 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. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio 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 sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 over the last 90 days. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TWLO shares. Tigress Financial increased their price target on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Stifel Nicolaus raised their price objective on Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, January 24th. UBS Group raised their price objective on Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Twilio has an average rating of “Moderate Buy” and an average target price of $119.25.

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.