Quantinno Capital Management LP grew its position in Twilio Inc. (NYSE:TWLO - Free Report) by 409.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,019 shares of the technology company's stock after buying an additional 41,011 shares during the quarter. Quantinno Capital Management LP's holdings in Twilio were worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of TWLO. KBC Group NV raised its position in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company's stock valued at $1,481,000 after purchasing an additional 9,140 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock valued at $953,000 after buying an additional 9,141 shares in the last quarter. Affinity Investment Advisors LLC acquired a new position in shares of Twilio during the 3rd quarter worth about $434,000. Los Angeles Capital Management LLC purchased a new position in Twilio in the third quarter valued at approximately $2,168,000. Finally, Palo Alto Wealth Advisors LLC acquired a new position in shares of Twilio in the 3rd quarter valued at $757,000. Hedge funds and other institutional investors own 84.27% of the company's stock.
Analyst Ratings Changes
TWLO has been the subject of several research analyst reports. UBS Group increased their price objective on Twilio from $74.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Sanford C. Bernstein upped their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 27th. StockNews.com upgraded Twilio from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Robert W. Baird boosted their price target on Twilio from $65.00 to $80.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their target price on Twilio from $78.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $85.87.
Check Out Our Latest Report on Twilio
Insiders Place Their Bets
In related news, CFO Aidan Viggiano sold 6,682 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total transaction of $437,938.28. Following the completion of the sale, the chief financial officer now owns 171,187 shares of the company's stock, valued at $11,219,595.98. This trade represents a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dana Wagner sold 4,174 shares of the business's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the completion of the transaction, the insider now directly owns 152,563 shares in the company, valued at approximately $9,919,646.26. This trade represents a 2.66 % decrease in their ownership of the stock. 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 90 days. Corporate insiders own 4.50% of the company's stock.
Twilio Price Performance
NYSE:TWLO traded down $2.84 on Tuesday, hitting $107.36. The company had a trading volume of 1,265,238 shares, compared to its average volume of 2,687,703. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $113.90. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of -42.88, a PEG ratio of 3.28 and a beta of 1.38. The firm has a 50 day moving average of $86.06 and a two-hundred day moving average of $68.42.
Twilio Profile
(
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.
Further Reading
Before you consider Twilio, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Twilio wasn't on the list.
While Twilio currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.