Twilio Inc. (NYSE:TWLO) Holdings Reduced by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lessened its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 33.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,316 shares of the technology company's stock after selling 11,416 shares during the period. Ontario Teachers Pension Plan Board's holdings in Twilio were worth $1,455,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TWLO. Affinity Investment Advisors LLC bought a new stake in shares of Twilio in the 3rd quarter worth approximately $434,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock worth $953,000 after purchasing an additional 9,141 shares during the period. KBC Group NV lifted 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 worth $1,481,000 after buying an additional 9,140 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Twilio during the third quarter worth $2,168,000. Finally, Palo Alto Wealth Advisors LLC acquired a new stake in shares of Twilio during the 3rd quarter valued at about $757,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares of the company's stock, valued at approximately $18,087,054.02. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now owns 142,291 shares of the company's stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,946 shares of company stock worth $3,354,771. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TWLO shares. Mizuho upped their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. StockNews.com raised Twilio from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Sanford C. Bernstein raised their target price on Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 27th. Wells Fargo & Company raised Twilio from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $80.00 to $120.00 in a report on Tuesday, November 12th. Finally, Needham & Company LLC upped their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $83.70.

Twilio Stock Up 2.2 %

Shares of NYSE:TWLO opened at $98.45 on Thursday. The firm's 50 day simple moving average is $74.57 and its 200 day simple moving average is $64.25. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $101.00. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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.

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.