Palo Alto Wealth Advisors LLC Acquires New Stake in Twilio Inc. (NYSE:TWLO)

Palo Alto Wealth Advisors LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,729 shares of the technology company's stock, valued at approximately $757,000. Twilio makes up approximately 0.3% of Palo Alto Wealth Advisors LLC's holdings, making the stock its 23rd largest position.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company's stock valued at $1,097,665,000 after buying an additional 140,791 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Twilio by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company's stock valued at $128,396,000 after purchasing an additional 224,040 shares in the last quarter. Kodai Capital Management LP lifted its holdings in shares of Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company's stock valued at $113,098,000 after purchasing an additional 761,356 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company's stock valued at $75,813,000 after purchasing an additional 311,481 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company's stock valued at $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Analyst Ratings Changes

TWLO has been the topic of several analyst reports. Robert W. Baird increased their target price on shares of Twilio from $65.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Oppenheimer increased their target price on shares of Twilio from $85.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Sanford C. Bernstein increased their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 27th. Finally, Morgan Stanley increased their target price on shares of Twilio from $70.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Twilio has an average rating of "Hold" and an average target price of $81.36.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on 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 of the company's stock, valued at approximately $18,087,054.02. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the transaction, the chief financial officer now directly owns 184,570 shares in the company, valued at approximately $11,382,431.90. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,468 shares of company stock valued at $3,509,830 over the last quarter. Corporate insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of NYSE:TWLO traded down $2.72 during trading on Thursday, reaching $97.13. The stock had a trading volume of 3,386,081 shares, compared to its average volume of 2,702,159. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $101.00. The business's 50-day moving average price is $70.76 and its 200 day moving average price is $62.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market capitalization of $14.90 billion, a PE ratio of -38.86, a P/E/G ratio of 2.79 and a beta of 1.32.

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.