BNP Paribas Financial Markets Has $19.79 Million Holdings in Twilio Inc. (NYSE:TWLO)

BNP Paribas Financial Markets raised its position in Twilio Inc. (NYSE:TWLOFree Report) by 134.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,849 shares of the technology company’s stock after purchasing an additional 149,383 shares during the quarter. BNP Paribas Financial Markets owned 0.14% of Twilio worth $19,791,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TWLO. Blue Zone Wealth Advisors LLC raised its holdings in Twilio by 4.0% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after acquiring an additional 181 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Twilio by 1.8% in the 4th quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after buying an additional 185 shares during the last quarter. Desjardins Global Asset Management Inc. grew its stake in shares of Twilio by 15.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,475 shares of the technology company’s stock valued at $112,000 after buying an additional 192 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Twilio by 3.5% during the third quarter. CIBC Asset Management Inc now owns 6,197 shares of the technology company’s stock worth $363,000 after buying an additional 208 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in Twilio by 4.0% during the third quarter. Axxcess Wealth Management LLC now owns 5,890 shares of the technology company’s stock worth $345,000 after acquiring an additional 228 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on TWLO shares. Jefferies Financial Group reduced their price target on Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, March 6th. Royal Bank of Canada reissued an “underperform” rating and set a $50.00 target price on shares of Twilio in a report on Wednesday, March 6th. Oppenheimer reaffirmed an “outperform” rating and set a $75.00 price target on shares of Twilio in a report on Wednesday, April 17th. Northland Securities cut shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a report on Thursday, February 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $71.00 price objective on shares of Twilio in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.95.

Read Our Latest Report on TWLO

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the sale, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the transaction, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 over the last 90 days. Insiders own 4.20% of the company’s stock.

Twilio Stock Performance

Shares of TWLO opened at $62.23 on Wednesday. Twilio Inc. has a 12-month low of $45.30 and a 12-month high of $78.16. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $60.73 and a 200-day moving average price of $64.61.

Twilio (NYSE:TWLOGet Free Report) last announced its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. Equities analysts expect that Twilio Inc. will post -0.11 earnings per share for the current year.

Twilio Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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