Twilio Inc. (NYSE:TWLO) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 167.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,612 shares of the technology company's stock after acquiring an additional 9,141 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Twilio were worth $953,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TWLO. Vanguard Group Inc. increased its stake in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company's stock valued at $1,097,665,000 after purchasing an additional 140,791 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its stake in Twilio by 78.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company's stock valued at $4,041,000 after purchasing an additional 31,227 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Twilio by 9.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company's stock valued at $14,051,000 after purchasing an additional 17,856 shares in the last quarter. Farmers Trust Co. increased its stake in Twilio by 58.1% during the 3rd quarter. Farmers Trust Co. now owns 57,143 shares of the technology company's stock valued at $3,727,000 after purchasing an additional 21,001 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Twilio by 13.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company's stock valued at $10,770,000 after purchasing an additional 21,245 shares in the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Price Performance

TWLO stock traded up $1.61 during trading on Wednesday, reaching $90.30. 3,657,202 shares of the stock were exchanged, compared to its average volume of 2,673,802. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The business has a 50 day moving average price of $66.87 and a 200-day moving average price of $61.57. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $91.19.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TWLO shares. The Goldman Sachs Group upped their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Twilio from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Barclays increased their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Tigress Financial upped their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, Piper Sandler upped their price objective on shares of Twilio from $83.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $79.55.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company's stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,418 shares of company stock worth $3,749,556 over the last three months. Insiders own 4.50% of the company's stock.

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.