Retireful LLC acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,649 shares of the technology company's stock, valued at approximately $1,475,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock valued at $600,447,000 after purchasing an additional 77,436 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company's stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Geode Capital Management LLC increased its holdings in Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock valued at $177,622,000 after buying an additional 33,824 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 224,040 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company's stock worth $75,813,000 after buying an additional 311,481 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on TWLO. UBS Group raised their price objective on shares of Twilio from $74.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Morgan Stanley boosted their price target on Twilio from $115.00 to $118.00 and gave the company an "equal weight" rating in a research report on Friday. TD Cowen increased their price objective on Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their target price on Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price target on Twilio from $78.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $93.74.
Check Out Our Latest Stock Analysis on Twilio
Twilio Price Performance
NYSE:TWLO traded down $2.65 during mid-day trading on Friday, hitting $111.98. 2,790,458 shares of the company's stock traded hands, compared to its average volume of 2,138,701. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $17.18 billion, a PE ratio of -43.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. The firm's 50 day simple moving average is $107.13 and its 200 day simple moving average is $79.12. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $117.92.
Insider Activity
In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company's stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 4,512 shares of the business'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 completion of the transaction, the insider now directly owns 142,291 shares of the company's stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 over the last ninety days. 4.50% of the stock is currently owned by insiders.
About Twilio
(
Free Report)
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.
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