Twilio Inc. (NYSE:TWLO) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario lifted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 834.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,647 shares of the technology company's stock after purchasing an additional 32,725 shares during the period. Investment Management Corp of Ontario's holdings in Twilio were worth $2,390,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TWLO. SouthState Corp lifted its holdings in Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company's stock valued at $28,000 after acquiring an additional 307 shares during the last quarter. True Wealth Design LLC lifted its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after acquiring an additional 416 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Twilio in the second quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company's stock worth $36,000 after purchasing an additional 264 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Twilio during the third quarter worth $46,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

Shares of TWLO stock traded up $0.37 during mid-day trading on Thursday, hitting $110.32. 1,629,447 shares of the stock were exchanged, compared to its average volume of 2,695,275. The stock's fifty day simple moving average is $84.19 and its two-hundred day simple moving average is $67.58. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of -42.93, a P/E/G ratio of 3.10 and a beta of 1.38. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $110.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of research reports. Morgan Stanley upped their price target on Twilio from $70.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Tigress Financial upped their price target on Twilio from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Monness Crespi & Hardt upgraded Twilio from a "neutral" rating to a "buy" rating and set a $135.00 price target on the stock in a research note on Friday, November 15th. Piper Sandler upped their price target on Twilio from $83.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upped their price target on Twilio from $60.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Twilio presently has a consensus rating of "Hold" and an average price target of $85.87.

Insiders Place Their Bets

In other 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 sale, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,701 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the sale, the chief financial officer now owns 177,869 shares of the company's stock, valued at $11,566,821.07. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is currently owned by insiders.

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.