Kera Capital Partners Inc. Invests $247,000 in Twilio Inc. (NYSE:TWLO)

Kera Capital Partners Inc. purchased a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,289 shares of the technology company's stock, valued at approximately $247,000.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock valued at $600,447,000 after acquiring an additional 77,436 shares during the period. Pacer Advisors Inc. boosted its stake in Twilio by 18.3% in 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 during the period. Geode Capital Management LLC boosted its stake in Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock worth $177,622,000 after purchasing an additional 33,824 shares during the period. Dimensional Fund Advisors LP boosted its stake in Twilio by 11.0% in the 2nd 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 during the period. Finally, Point72 Asset Management L.P. boosted its stake in Twilio by 30.4% in the 2nd 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 during the period. 84.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Twilio from $78.00 to $83.00 and gave the company an "overweight" rating in a research 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. Jefferies Financial Group increased 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. Oppenheimer increased their target price on Twilio from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their target price on Twilio from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $93.74.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company's stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock worth $2,844,655 over the last three months. 4.50% of the stock is currently owned by insiders.

Twilio Stock Performance

Shares of NYSE:TWLO traded down $2.65 during trading on Friday, hitting $111.98. The stock had a trading volume of 2,790,458 shares, compared to its average volume of 2,071,561. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $117.92. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of -43.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. 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 stock has a 50-day simple moving average of $107.13 and a two-hundred day simple moving average of $79.44.

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.