Empower Advisory Group LLC Cuts Stake in Twilio Inc. (NYSE:TWLO)

Empower Advisory Group LLC lowered its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,063,067 shares of the technology company's stock after selling 39,614 shares during the quarter. Empower Advisory Group LLC owned about 0.66% of Twilio worth $69,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company's stock worth $1,097,665,000 after buying an additional 140,791 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company's stock worth $128,396,000 after purchasing an additional 224,040 shares in the last quarter. Kodai Capital Management LP grew its position in shares of Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company's stock worth $113,098,000 after purchasing an additional 761,356 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company's stock worth $75,813,000 after purchasing an additional 311,481 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company's stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Trading Up 2.3 %

Shares of TWLO stock traded up $2.22 during trading hours on Wednesday, reaching $98.69. 2,659,715 shares of the company's stock were exchanged, compared to its average volume of 2,689,864. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $99.92. The company's 50 day moving average is $69.98 and its two-hundred day moving average is $62.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 1,989 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the sale, the insider now owns 157,328 shares in the company, valued at approximately $9,548,236.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dana Wagner sold 1,989 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the sale, the insider now owns 157,328 shares in the company, valued at $9,548,236.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,418 shares of company stock valued at $3,749,556 in the last ninety days. Corporate insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TWLO shares. Robert W. Baird increased their target price on Twilio from $65.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. StockNews.com upgraded Twilio from a "hold" rating to a "buy" rating in a report on Friday, September 13th. Needham & Company LLC raised their price target on Twilio from $71.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, October 31st. JMP Securities restated a "market outperform" rating and set a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group raised their price target on Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Twilio currently has a consensus rating of "Hold" and an average target price of $81.36.

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.