Swiss National Bank Decreases Stock Position in Twilio Inc. (NYSE:TWLO)

Swiss National Bank reduced its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 482,600 shares of the technology company's stock after selling 29,400 shares during the quarter. Swiss National Bank owned about 0.30% of Twilio worth $31,475,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of Twilio by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company's stock valued at $128,396,000 after purchasing an additional 224,040 shares during the period. Kodai Capital Management LP lifted its holdings in shares of Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company's stock worth $113,098,000 after acquiring an additional 761,356 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company's stock worth $75,813,000 after purchasing an additional 311,481 shares during the last quarter. AQR Capital Management LLC lifted its stake in Twilio by 736.9% in the second 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 during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in 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 purchasing an additional 630,627 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares of the company's stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction 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 completion of the transaction, the chief financial officer now owns 177,869 shares in the company, valued at approximately $11,566,821.07. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock worth $3,354,771 over the last 90 days. 4.50% of the stock is owned by insiders.

Twilio Trading Up 2.2 %

NYSE TWLO opened at $98.45 on Thursday. The firm has a 50 day simple moving average of $74.57 and a 200-day simple moving average of $64.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a one year low of $52.51 and a one year high of $101.00.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective 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. The Goldman Sachs Group upped their price objective on shares of Twilio from $67.00 to $77.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Morgan Stanley upped their target price on shares of Twilio from $70.00 to $77.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Oppenheimer upped their target price on shares of Twilio from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, 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 note on Tuesday, August 27th. 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 company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.70.

Twilio 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.