State Street Corp Buys 9,213 Shares of Twilio Inc. (NYSE:TWLO)

State Street Corp increased its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,939,647 shares of the technology company's stock after buying an additional 9,213 shares during the period. State Street Corp owned about 2.57% of Twilio worth $256,944,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Covestor Ltd boosted its holdings in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company's stock worth $67,000 after buying an additional 148 shares during the period. Metis Global Partners LLC boosted its holdings in shares of Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company's stock worth $478,000 after acquiring an additional 182 shares during the period. Arizona State Retirement System raised its stake in shares of Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company's stock valued at $2,699,000 after purchasing an additional 205 shares during the period. US Bancorp DE lifted its holdings in Twilio by 4.7% during the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company's stock worth $312,000 after purchasing an additional 217 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Twilio by 0.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company's stock worth $3,413,000 after purchasing an additional 220 shares during the period. Institutional investors own 84.27% of the company's stock.

Twilio Stock Up 4.2 %

Shares of TWLO stock traded up $4.55 during midday trading on Wednesday, reaching $112.99. 2,867,243 shares of the stock were exchanged, compared to its average volume of 2,692,939. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $113.90. The firm has a market cap of $17.33 billion, a PE ratio of -43.91, a price-to-earnings-growth ratio of 3.28 and a beta of 1.38. The company's 50 day moving average is $86.96 and its two-hundred day moving average is $68.76. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares of the company's stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,701 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the sale, the chief financial officer now directly owns 177,869 shares of the company's stock, valued at $11,566,821.07. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,575 shares of company stock valued at $3,863,961 in the last three months. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TWLO. JPMorgan Chase & Co. boosted their price target on shares of Twilio from $78.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their target price on Twilio from $60.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Mizuho raised their price target on Twilio from $60.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Sanford C. Bernstein boosted their price objective on Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a report on Tuesday, August 27th. Finally, Morgan Stanley raised their target price on shares of Twilio from $70.00 to $77.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Two equities 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.