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

Achmea Investment Management B.V. raised its position in shares of Twilio Inc. (NYSE:TWLO) by 36.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,344 shares of the technology company’s stock after acquiring 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.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 623 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of Twilio in the fourth quarter valued at approximately $223,000. IFP Advisors Inc boosted its position in shares of Twilio by 300.5% in the fourth quarter. IFP Advisors Inc now owns 1,754 shares of the technology company’s stock valued at $190,000 after acquiring an additional 1,316 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after acquiring an additional 99,786 shares during the last quarter. Finally, Cable Hill Partners LLC bought a new position in Twilio during the fourth quarter worth $230,000. 84.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TWLO has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. KeyCorp initiated coverage on Twilio in a research report on Friday, June 6th. They set an “overweight” rating and a $146.00 target price on the stock. Jefferies Financial Group set a $132.00 price target on Twilio and gave the company a “hold” rating in a report on Sunday, June 15th. Tigress Financial reissued a “buy” rating and set a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Finally, Morgan Stanley lowered their price objective on Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.39.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 12,056 shares of the business’s 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. The trade was a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Erika Rottenberg sold 4,100 shares of the firm’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 transaction of $492,123.00. Following the sale, the director now owns 33,488 shares in the company, valued at $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,884 shares of company stock worth $4,719,065. Company insiders own 0.21% of the company’s stock.

Twilio Trading Up 1.2%

TWLO opened at $122.92 on Friday. Twilio Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $151.95. The company has a market cap of $18.77 billion, a price-to-earnings ratio of -585.31, a price-to-earnings-growth ratio of 3.78 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. The firm has a 50 day simple moving average of $111.05 and a 200 day simple moving average of $111.52.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

About Twilio

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.