Achmea Investment Management B.V. Acquires 18,044 Shares of Twilio Inc. (NYSE:TWLO)

Achmea Investment Management B.V. grew its position in Twilio Inc. (NYSE:TWLO - Free Report) by 36.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,344 shares of the technology company's stock after purchasing an additional 18,044 shares during the period. Achmea Investment Management B.V.'s holdings in Twilio were worth $6,594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp boosted its stake in shares of Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after buying an additional 85 shares during the last quarter. Freestone Capital Holdings LLC increased its position in Twilio by 3.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock worth $423,000 after buying an additional 124 shares during the period. Harbour Investments Inc. grew its stake in shares of Twilio by 3.4% in the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock worth $439,000 after purchasing an additional 135 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Twilio by 6.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock worth $239,000 after purchasing an additional 140 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 166 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Up 1.2%

Shares of NYSE TWLO traded up $1.49 during trading hours on Friday, hitting $122.92. The stock had a trading volume of 2,899,409 shares, compared to its average volume of 2,625,370. The company has a market capitalization of $18.77 billion, a P/E ratio of -585.31, a P/E/G ratio of 3.78 and a beta of 1.30. The firm's 50-day moving average price is $111.05 and its two-hundred day moving average price is $111.52. Twilio Inc. has a 52 week low of $55.38 and a 52 week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. Analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TWLO has been the subject of several research reports. HSBC raised Twilio from a "reduce" rating to a "hold" rating and raised their target price for the company from $77.00 to $99.00 in a research note on Monday, May 5th. The Goldman Sachs Group raised their target price on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on Twilio from $160.00 to $120.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Royal Bank Of Canada reaffirmed an "underperform" rating and set a $75.00 target price on shares of Twilio in a research note on Wednesday, March 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 target price on shares of Twilio in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and an average price target of $126.39.

Insider Buying and Selling

In related news, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the completion of the sale, the director now directly owns 33,488 shares in the company, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,884 shares of company stock worth $4,719,065. 0.21% of the stock is currently owned by insiders.

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.