Paloma Partners Management Co Has $326,000 Position in Twilio Inc. (NYSE:TWLO)

Paloma Partners Management Co decreased its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 47.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the technology company's stock after selling 4,551 shares during the quarter. Paloma Partners Management Co's holdings in Twilio were worth $326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. grew its stake in Twilio by 239.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,188 shares of the technology company's stock valued at $664,000 after buying an additional 7,191 shares during the last quarter. True Wealth Design LLC grew its stake in Twilio by 5,200.0% in 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 during the last quarter. Maverick Capital Ltd. grew its stake in Twilio by 0.7% in the 3rd quarter. Maverick Capital Ltd. now owns 766,775 shares of the technology company's stock valued at $50,009,000 after buying an additional 5,219 shares during the last quarter. PDT Partners LLC acquired a new position in Twilio in the 3rd quarter valued at $1,048,000. Finally, Goldentree Asset Management LP grew its stake in Twilio by 13.5% in the 3rd quarter. Goldentree Asset Management LP now owns 798,102 shares of the technology company's stock valued at $51,935,000 after buying an additional 94,645 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Stock Up 2.1 %

TWLO traded up $2.35 during trading hours on Friday, hitting $112.68. 1,468,473 shares of the company's stock were exchanged, compared to its average volume of 2,689,597. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $112.75. The stock's 50-day moving average is $84.19 and its two-hundred day moving average is $67.58. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of -42.93, a PEG ratio of 3.10 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.

Insider Buying and Selling at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the firm's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares of the company's stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,701 shares of the firm's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the transaction, the chief financial officer now directly owns 177,869 shares in the company, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,946 shares of company stock worth $3,354,771 over the last quarter. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TWLO. JMP Securities reiterated a "market outperform" rating and issued a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. Piper Sandler raised their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. TD Cowen raised their price objective on shares of Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Finally, Northland Securities raised their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Twilio presently has a consensus rating of "Hold" and a consensus target price 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.