Martingale Asset Management L P Raises Position in Twilio Inc. (NYSE:TWLO)

Martingale Asset Management L P increased its stake in Twilio Inc. (NYSE:TWLO) by 199.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,573 shares of the technology company’s stock after purchasing an additional 27,673 shares during the period. Martingale Asset Management L P’s holdings in Twilio were worth $2,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TWLO. FMR LLC increased its position in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after acquiring an additional 77,436 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Twilio by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after purchasing an additional 224,040 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Twilio by 30.4% during 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 period. Finally, AQR Capital Management LLC boosted its position 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 valued at $63,915,000 after buying an additional 1,006,391 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the subject of several research reports. TD Cowen lifted their price objective on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price target on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Oppenheimer boosted their price objective on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Sanford C. Bernstein lifted their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.87.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 value of $435,766.03. Following the completion of the sale, the chief financial officer now owns 177,869 shares in the company, valued at $11,566,821.07. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,946 shares of company stock worth $3,354,771 in the last quarter. Company insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Shares of Twilio stock opened at $104.54 on Friday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average price is $80.59 and its 200 day moving average price is $66.32. Twilio Inc. has a one year low of $52.51 and a one year high of $108.44.

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.