BI Asset Management Fondsmaeglerselskab A S Buys 6,806 Shares of Twilio Inc. $TWLO

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 63.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,573 shares of the technology company’s stock after purchasing an additional 6,806 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Twilio were worth $1,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TWLO. Norges Bank acquired a new position in Twilio during the 2nd quarter worth $228,877,000. Nordea Investment Management AB raised its position in shares of Twilio by 4,231.2% during the second quarter. Nordea Investment Management AB now owns 1,123,638 shares of the technology company’s stock worth $139,736,000 after acquiring an additional 1,097,695 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Twilio by 752.5% during the third quarter. Voya Investment Management LLC now owns 755,015 shares of the technology company’s stock valued at $75,569,000 after acquiring an additional 666,448 shares during the period. Atreides Management LP boosted its holdings in Twilio by 533.1% in the second quarter. Atreides Management LP now owns 730,300 shares of the technology company’s stock valued at $90,820,000 after acquiring an additional 614,943 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in Twilio by 17,371.0% in the second quarter. Neuberger Berman Group LLC now owns 547,192 shares of the technology company’s stock worth $68,049,000 after purchasing an additional 544,060 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Up 5.6%

Shares of NYSE:TWLO opened at $115.12 on Monday. The company has a 50 day moving average price of $130.79 and a two-hundred day moving average price of $119.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.68 and a current ratio of 4.68. The company has a market capitalization of $17.66 billion, a PE ratio of 280.78, a PEG ratio of 2.25 and a beta of 1.32. Twilio Inc. has a 52 week low of $77.51 and a 52 week high of $148.31.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TWLO. Rosenblatt Securities upped their target price on shares of Twilio from $140.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Oppenheimer restated an “outperform” rating and issued a $170.00 price objective on shares of Twilio in a report on Monday, January 5th. Royal Bank Of Canada raised their price objective on shares of Twilio from $75.00 to $100.00 and gave the company an “underperform” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. upped their target price on shares of Twilio from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Wall Street Zen downgraded Twilio from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Twilio has an average rating of “Moderate Buy” and an average price target of $146.44.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 13,336 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $134.28, for a total value of $1,790,758.08. Following the completion of the sale, the chief executive officer directly owned 193,781 shares in the company, valued at $26,020,912.68. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 7,213 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $135.97, for a total value of $980,751.61. Following the sale, the chief financial officer directly owned 112,236 shares in the company, valued at approximately $15,260,728.92. This represents a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,043,438 shares of company stock worth $135,022,770 in the last quarter. Corporate insiders own 4.50% of the company’s stock.

Twilio Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.