Vinva Investment Management Ltd Purchases 37,126 Shares of Twilio Inc. (NYSE:TWLO)

Vinva Investment Management Ltd boosted its position in Twilio Inc. (NYSE:TWLO) by 26.5% in the fourth quarter, HoldingsChannel reports. The firm owned 177,055 shares of the technology company’s stock after buying an additional 37,126 shares during the quarter. Twilio accounts for about 0.8% of Vinva Investment Management Ltd’s holdings, making the stock its 19th largest holding. Vinva Investment Management Ltd’s holdings in Twilio were worth $19,585,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new position in Twilio in the fourth quarter valued at about $344,000. KBC Group NV boosted its stake in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in Twilio in the fourth quarter valued at about $230,000. Zacks Investment Management purchased a new position in Twilio in the third quarter valued at about $3,386,000. Finally, Aigen Investment Management LP lifted its stake in shares of Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company’s stock valued at $1,248,000 after buying an additional 5,188 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Morgan Stanley upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $144.00 to $160.00 in a research note on Monday, February 24th. Piper Sandler restated an “overweight” rating and set a $142.00 price target (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Monness Crespi & Hardt upped their price target on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and upped their price target for the company from $77.00 to $185.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Price Performance

Shares of NYSE:TWLO opened at $99.12 on Wednesday. The company’s fifty day moving average price is $121.75 and its 200-day moving average price is $98.53. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of -154.88, a PEG ratio of 4.30 and a beta of 1.47. Twilio Inc. has a one year low of $52.51 and a one year high of $151.95. 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 (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. On average, equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 244,971 shares in the company, 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. In the last 90 days, insiders have sold 21,277 shares of company stock valued at $2,441,324. Insiders own 4.50% of the company’s stock.

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.