Zacks Investment Management Acquires Shares of 51,916 Twilio Inc. (NYSE:TWLO)

Zacks Investment Management acquired a new stake in Twilio Inc. (NYSE:TWLO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 51,916 shares of the technology company's stock, valued at approximately $3,386,000.

Other hedge funds have also made changes to their positions in the company. KBC Group NV grew its stake in Twilio by 67.4% during 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 during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock worth $953,000 after buying an additional 9,141 shares during the last quarter. Affinity Investment Advisors LLC purchased a new position in Twilio during the 3rd quarter worth approximately $434,000. Los Angeles Capital Management LLC purchased a new position in Twilio during the 3rd quarter worth approximately $2,168,000. Finally, Palo Alto Wealth Advisors LLC purchased a new position in Twilio during the 3rd quarter worth approximately $757,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Trading Down 2.8 %

Shares of NYSE:TWLO traded down $3.22 during midday trading on Monday, reaching $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 firm has a market cap of $16.90 billion, a price-to-earnings ratio of -42.88, a price-to-earnings-growth ratio of 3.28 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $113.90. The business has a 50 day moving average price of $86.06 and a 200 day moving average price of $68.42.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction 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 approximately $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,575 shares of company stock valued at $3,863,961. Company insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

TWLO has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Twilio from $78.00 to $83.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Barclays lifted their target price on Twilio from $65.00 to $80.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Morgan Stanley lifted their target price on Twilio from $70.00 to $77.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Piper Sandler lifted their target price on Twilio from $83.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC lifted their target price on Twilio from $71.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $85.87.

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.