Twilio Inc. (NYSE:TWLO) Holdings Reduced by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its position in Twilio Inc. (NYSE:TWLO - Free Report) by 59.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 40,926 shares of the technology company's stock after selling 60,533 shares during the period. Quadrature Capital Ltd's holdings in Twilio were worth $2,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWLO. SouthState Corp grew its stake in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company's stock worth $28,000 after acquiring an additional 307 shares during the period. True Wealth Design LLC grew its stake in shares of 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 during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Twilio during the 2nd quarter valued at $29,000. GAMMA Investing LLC grew its stake in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company's stock valued at $36,000 after buying an additional 264 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Twilio during the 3rd quarter valued at $46,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Up 2.8 %

Shares of Twilio stock traded up $3.06 during trading on Friday, reaching $113.39. The company had a trading volume of 2,629,756 shares, compared to its average volume of 2,695,022. The company has a market cap of $17.39 billion, a price-to-earnings ratio of -44.12, a price-to-earnings-growth ratio of 3.10 and a beta of 1.38. The firm's fifty day moving average is $84.19 and its 200-day moving average is $67.58. 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 Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $113.57.

Insider Activity

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business'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 $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. This represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the business's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the sale, the insider now directly owns 152,563 shares of the company's stock, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,575 shares of company stock worth $3,863,961. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TWLO. The Goldman Sachs Group boosted their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a research note on Thursday, October 31st. Wells Fargo & Company raised shares of Twilio from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $80.00 to $120.00 in a research note on Tuesday, November 12th. Tigress Financial boosted their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird lifted their target price on shares of Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $85.87.

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.