abrdn plc Increases Stock Holdings in Twilio Inc. (NYSE:TWLO)

abrdn plc grew its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 5.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 276,071 shares of the technology company's stock after acquiring an additional 14,527 shares during the period. abrdn plc owned about 0.16% of Twilio worth $18,005,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TWLO. J.W. Cole Advisors Inc. raised its holdings in shares of Twilio by 27.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 3,754 shares of the technology company's stock valued at $230,000 after buying an additional 809 shares during the period. Private Advisor Group LLC increased its stake in Twilio by 182.3% during the first quarter. Private Advisor Group LLC now owns 35,065 shares of the technology company's stock worth $2,144,000 after purchasing an additional 22,643 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Twilio during the first quarter worth about $2,031,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Twilio in the first quarter valued at approximately $770,000. Finally, Greenwood Capital Associates LLC boosted its stake in shares of Twilio by 28.5% in the first quarter. Greenwood Capital Associates LLC now owns 8,089 shares of the technology company's stock valued at $495,000 after purchasing an additional 1,792 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Dana Wagner sold 4,512 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now owns 146,803 shares of the company's stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the company's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,906 shares of company stock valued at $3,388,596. Corporate insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Sanford C. Bernstein raised their price target on shares of Twilio from $68.00 to $70.00 and gave the company a "market perform" rating in a research report on Tuesday, August 27th. Northland Securities raised their price objective on shares of Twilio from $66.00 to $86.00 and gave the company a "market perform" rating in a report on Thursday. Wells Fargo & Company upped their price objective on Twilio from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday. The Goldman Sachs Group raised their target price on Twilio from $67.00 to $77.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Piper Sandler upped their price target on Twilio from $83.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $79.55.

Twilio Stock Performance

Shares of TWLO stock traded up $4.17 during mid-day trading on Friday, hitting $84.82. The stock had a trading volume of 6,731,374 shares, compared to its average volume of 2,653,527. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The firm has a market cap of $13.62 billion, a PE ratio of -33.00, a PEG ratio of 4.02 and a beta of 1.35. Twilio Inc. has a fifty-two week low of $51.90 and a fifty-two week high of $85.59. The company's 50-day simple moving average is $65.80 and its 200-day simple moving average is $61.12.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. During the same quarter last year, the company earned ($0.23) earnings per share. Twilio's quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Twilio Inc. will post 0.54 earnings per share for the current year.

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.