CWA Asset Management Group LLC Purchases Shares of 31,292 Twilio Inc. (NYSE:TWLO)

CWA Asset Management Group LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,292 shares of the technology company's stock, valued at approximately $3,382,000.

Several other hedge funds also recently made changes to their positions in TWLO. AQR Capital Management LLC boosted its holdings in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company's stock worth $63,915,000 after buying an additional 1,006,391 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company's stock valued at $57,044,000 after acquiring an additional 630,627 shares in the last quarter. Pacer Advisors Inc. grew its position in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company's stock valued at $26,066,000 after purchasing an additional 398,872 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company's stock valued at $75,813,000 after purchasing an additional 311,481 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,629 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares of the company's stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TWLO. Jefferies Financial Group lifted their price target on Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Morgan Stanley upped their target price on Twilio from $77.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Oppenheimer raised their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Robert W. Baird upped their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Tigress Financial lifted their target price on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $91.22.

Twilio Price Performance

TWLO traded down $3.27 during midday trading on Tuesday, reaching $109.74. 1,810,418 shares of the company's stock were exchanged, compared to its average volume of 1,725,472. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The business has a 50-day simple moving average of $102.40 and a two-hundred day simple moving average of $75.97. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of -42.70, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio Inc. has a one year low of $52.51 and a one year high of $116.43.

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.