Forte Capital LLC ADV Sells 12,390 Shares of Twilio Inc. (NYSE:TWLO)

Forte Capital LLC ADV reduced its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 29.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,225 shares of the technology company's stock after selling 12,390 shares during the period. Forte Capital LLC ADV's holdings in Twilio were worth $1,971,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TWLO. Vanguard Group Inc. increased its position 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 purchasing an additional 140,791 shares during the period. Affinity Investment Advisors LLC bought a new position in Twilio during the 3rd quarter worth $434,000. Susquehanna Fundamental Investments LLC raised its position in shares of Twilio by 78.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company's stock worth $4,041,000 after acquiring an additional 31,227 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock worth $953,000 after purchasing an additional 9,141 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Twilio by 9.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company's stock worth $14,051,000 after buying an additional 17,856 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares of the company's stock, valued at $18,087,054.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now owns 142,291 shares of the company's stock, valued at approximately $11,383,280. 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 worth $3,749,556 in the last quarter. 4.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TWLO shares. Barclays boosted their price objective on Twilio from $65.00 to $80.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. StockNews.com raised shares of Twilio from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Mizuho boosted their target price on Twilio from $60.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. JMP Securities reaffirmed a "market outperform" rating and set a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Finally, Morgan Stanley raised their price objective on Twilio from $70.00 to $77.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Twilio currently has an average rating of "Hold" and a consensus target price of $79.55.

Twilio Stock Performance

Shares of TWLO stock traded up $2.11 during trading on Thursday, hitting $92.41. The company's stock had a trading volume of 3,731,514 shares, compared to its average volume of 2,679,023. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $14.84 billion, a PE ratio of -35.96, a P/E/G ratio of 3.89 and a beta of 1.32. The business has a fifty day moving average of $67.46 and a 200-day moving average of $61.77. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $92.53.

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.