12,605 Shares in Twilio Inc. (NYSE:TWLO) Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,605 shares of the technology company's stock, valued at approximately $759,000.

Other hedge funds also recently added to or reduced their stakes in the company. SouthState Corp increased its stake in Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company's stock worth $28,000 after purchasing an additional 307 shares during the period. True Wealth Design LLC lifted its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after buying an additional 416 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the 2nd quarter valued at about $29,000. Brooklyn Investment Group bought a new position in Twilio in the 3rd quarter worth about $46,000. Finally, Venturi Wealth Management LLC increased its position in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after acquiring an additional 493 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The stock was 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 of the company's stock, valued at $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,575 shares of company stock worth $3,863,961. Company insiders own 4.50% of the company's stock.

Twilio Stock Up 1.3 %

Shares of TWLO stock traded up $1.44 during trading hours on Thursday, reaching $114.43. 1,613,359 shares of the company's stock were exchanged, compared to its average volume of 2,688,225. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $115.19. 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 stock has a market cap of $17.55 billion, a PE ratio of -44.38, a PEG ratio of 3.28 and a beta of 1.38. The stock's fifty day moving average price is $87.89 and its two-hundred day moving average price is $69.07.

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of research reports. Robert W. Baird boosted their price target on Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Needham & Company LLC increased their price target on Twilio from $71.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Oppenheimer raised their price target on Twilio from $85.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Piper Sandler upped their price objective on shares of Twilio from $83.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on shares of Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Two investment 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. Based on data from MarketBeat.com, Twilio has an average rating of "Hold" and an average price target of $85.87.

Twilio Company 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.