Los Angeles Capital Management LLC Acquires Shares of 33,236 Twilio Inc. (NYSE:TWLO)

Los Angeles Capital Management LLC purchased a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 33,236 shares of the technology company's stock, valued at approximately $2,168,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd boosted its holdings in Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company's stock valued at $67,000 after acquiring an additional 148 shares during the period. Tidal Investments LLC boosted its position in Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company's stock valued at $446,000 after buying an additional 166 shares during the period. Arizona State Retirement System grew its holdings in Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company's stock worth $2,699,000 after acquiring an additional 205 shares during the last quarter. US Bancorp DE raised its stake in shares of Twilio by 4.7% during the third quarter. US Bancorp DE now owns 4,787 shares of the technology company's stock valued at $312,000 after acquiring an additional 217 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Twilio by 0.4% during the second quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company's stock worth $3,413,000 after purchasing an additional 220 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the sale, the chief financial officer now directly owns 184,570 shares in the company, valued at approximately $11,382,431.90. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 591 shares of Twilio stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,468 shares of company stock valued at $3,509,830 over the last quarter. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TWLO shares. UBS Group upped their price target on Twilio from $74.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price target on shares of Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Tigress Financial raised their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Wells Fargo & Company upgraded Twilio from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $80.00 to $120.00 in a report on Tuesday. Finally, JMP Securities restated a "market outperform" rating and set a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $81.36.

Twilio Stock Performance

Shares of TWLO stock traded down $2.72 during mid-day trading on Thursday, reaching $97.13. 3,386,081 shares of the company's stock traded hands, compared to its average volume of 2,702,159. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $101.00. The firm has a 50 day moving average price of $70.76 and a two-hundred day moving average price of $62.99. The firm has a market capitalization of $14.90 billion, a PE ratio of -38.86, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

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.