UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Twilio Inc. (NYSE:TWLO - Free Report) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,271,226 shares of the technology company's stock after selling 20,729 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.83% of Twilio worth $82,909,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. SouthState Corp raised its holdings in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company's stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio in the 2nd quarter valued at about $29,000. GAMMA Investing LLC increased its position in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company's stock valued at $36,000 after acquiring an additional 264 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Twilio in the second quarter valued at about $45,000. Finally, Brooklyn Investment Group bought a new stake in Twilio during the third quarter worth about $46,000. Institutional investors own 84.27% of the company's stock.
Insider Activity at Twilio
In related news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares of the company's stock, valued at $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 4,174 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.02, for a total transaction of $271,393.48. Following the transaction, the insider now owns 152,563 shares in the company, valued at $9,919,646.26. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock worth $3,354,771 in the last ninety days. 4.50% of the stock is owned by company insiders.
Twilio Stock Performance
Shares of TWLO traded up $2.18 during trading hours on Tuesday, hitting $107.28. The company's stock had a trading volume of 1,713,638 shares, compared to its average volume of 2,699,228. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $108.44. The business has a 50 day simple moving average of $81.43 and a two-hundred day simple moving average of $66.67. 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 company has a market cap of $16.45 billion, a price-to-earnings ratio of -41.75, a PEG ratio of 3.04 and a beta of 1.38.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Barclays boosted their price target on Twilio from $65.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Jefferies Financial Group upped their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Sanford C. Bernstein raised their price objective 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. Robert W. Baird upped their price objective on Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company raised Twilio from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $80.00 to $120.00 in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $85.87.
Check Out Our Latest Analysis on TWLO
Twilio Company 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.
Read More
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
