Twilio Inc. (NYSE:TWLO) Shares Purchased by KBC Group NV

KBC Group NV grew its position in shares of Twilio Inc. (NYSE:TWLO) by 1,138.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,174 shares of the technology company’s stock after purchasing an additional 258,469 shares during the period. KBC Group NV owned approximately 0.18% of Twilio worth $30,389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TWLO. Robeco Institutional Asset Management B.V. grew its stake in shares of Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after acquiring an additional 630,627 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after purchasing an additional 398,872 shares in the last quarter. Franklin Resources Inc. increased its holdings in Twilio by 2,412.9% during the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after purchasing an additional 193,971 shares during the period. Finally, Vinva Investment Management Ltd raised its position in Twilio by 302.5% in the 3rd quarter. Vinva Investment Management Ltd now owns 139,929 shares of the technology company’s stock valued at $9,215,000 after purchasing an additional 105,161 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TWLO has been the subject of a number of analyst reports. Barclays boosted their price objective on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research report on Friday, January 24th. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 target price on shares of Twilio in a report on Tuesday, January 21st. Finally, UBS Group lifted their price target on Twilio from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Twilio has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

Twilio Stock Up 5.6 %

Twilio stock opened at $146.77 on Wednesday. The stock has a 50 day moving average of $110.06 and a two-hundred day moving average of $82.15. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $148.37. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of -57.11, a PEG ratio of 2.22 and a beta of 1.38. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction 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 approximately $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value 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 represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock worth $2,844,655 over the last 90 days. 4.50% of the stock is currently owned by insiders.

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.