Royal London Asset Management Ltd. Has $7.74 Million Stake in Twilio Inc. (NYSE:TWLO)

Royal London Asset Management Ltd. grew its holdings in shares of Twilio Inc. (NYSE:TWLO) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,598 shares of the technology company’s stock after purchasing an additional 4,471 shares during the period. Royal London Asset Management Ltd.’s holdings in Twilio were worth $7,738,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ritholtz Wealth Management bought a new position in Twilio during the 4th quarter worth $344,000. Bleakley Financial Group LLC acquired a new stake in shares of Twilio during the 4th quarter worth $230,000. Zacks Investment Management acquired a new position in Twilio in the third quarter valued at about $3,386,000. Aigen Investment Management LP lifted its position in Twilio by 81.6% during the fourth quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock worth $1,248,000 after purchasing an additional 5,188 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Twilio by 41.8% during the third quarter. Victory Capital Management Inc. now owns 38,903 shares of the technology company’s stock worth $2,537,000 after buying an additional 11,472 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $160.00 in a research report on Friday, January 24th. Scotiabank boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Tigress Financial raised their target price on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Needham & Company LLC boosted their price target on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, Stifel Nicolaus raised their price objective on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.35.

Twilio Trading Up 1.6 %

Shares of TWLO stock opened at $103.44 on Monday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. The stock has a 50-day moving average of $121.32 and a 200-day moving average of $99.40.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the transaction, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was 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 approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock worth $2,441,324 over the last quarter. Company insiders own 4.50% of the company’s stock.

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.