13,480 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC purchased a new stake in Twilio Inc. (NYSE:TWLO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,480 shares of the technology company's stock, valued at approximately $879,000.

A number of other hedge funds have also modified their holdings of TWLO. SouthState Corp raised its holdings in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company's stock worth $28,000 after buying an additional 307 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after buying an additional 416 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Twilio during the 2nd quarter worth about $29,000. GAMMA Investing LLC grew its holdings in Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company's stock worth $36,000 after acquiring an additional 264 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Twilio in the third quarter worth about $46,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,174 shares of the company's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,682 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were 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 directly owns 171,187 shares of the company's stock, valued at $11,219,595.98. This represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,575 shares of company stock worth $3,863,961 in the last ninety days. Insiders own 4.50% of the company's stock.

Twilio Stock Down 2.8 %

TWLO stock traded down $3.22 during midday trading on Monday, hitting $110.20. The company's stock had a trading volume of 2,502,978 shares, compared to its average volume of 2,694,277. 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 twelve month low of $52.51 and a twelve month high of $113.90. The company's fifty day moving average price is $86.06 and its 200 day moving average price is $68.42. The stock has a market capitalization of $16.90 billion, a P/E ratio of -42.88, a PEG ratio of 3.28 and a beta of 1.38.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TWLO shares. Monness Crespi & Hardt raised shares of Twilio from a "neutral" rating to a "buy" rating and set a $135.00 price target for the company in a report on Friday, November 15th. Oppenheimer raised their price target on shares of Twilio from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price target on shares of Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Needham & Company LLC raised their price target on shares of Twilio from $71.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Tigress Financial raised their price target on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $85.87.

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.