Sanders Morris Harris LLC Purchases Shares of 2,500 Twilio Inc. (NYSE:TWLO)

Sanders Morris Harris LLC bought a new stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,500 shares of the technology company's stock, valued at approximately $270,000.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company's stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company's stock worth $57,044,000 after acquiring an additional 630,627 shares in the last quarter. Pacer Advisors Inc. raised its holdings 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 valued at $187,026,000 after acquiring an additional 444,295 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Twilio by 50,490.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company's stock valued at $26,066,000 after acquiring an additional 398,872 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company's stock valued at $75,813,000 after acquiring an additional 311,481 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,629 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 in the last quarter. Insiders own 4.50% of the company's stock.

Twilio Stock Performance

Shares of Twilio stock traded up $2.42 on Thursday, reaching $114.78. The stock had a trading volume of 3,048,839 shares, compared to its average volume of 2,073,427. 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 business's 50-day moving average price is $106.29 and its two-hundred day moving average price is $78.49. The stock has a market cap of $17.60 billion, a P/E ratio of -44.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $117.92.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TWLO. JMP Securities reissued a "market outperform" rating and set a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. Stifel Nicolaus upped their price target on Twilio from $80.00 to $110.00 and gave the company a "hold" rating in a research report on Wednesday, December 18th. Morgan Stanley raised their price objective on Twilio from $77.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 18th. TD Cowen upped their target price on Twilio from $70.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Finally, Mizuho raised shares of Twilio from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $85.00 to $140.00 in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $93.61.

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.