Twilio Inc. (NYSE:TWLO) Stock Position Raised by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Twilio Inc. (NYSE:TWLO) by 409.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 51,019 shares of the technology company’s stock after acquiring an additional 41,011 shares during the period. Quantinno Capital Management LP’s holdings in Twilio were worth $3,327,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. RBF Capital LLC bought a new stake in Twilio in the third quarter worth approximately $1,064,000. Royal London Asset Management Ltd. lifted its stake in shares of Twilio by 11.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 67,127 shares of the technology company’s stock valued at $4,378,000 after purchasing an additional 7,053 shares during the last quarter. Investment Management Corp of Ontario boosted its holdings in Twilio by 834.4% in the third quarter. Investment Management Corp of Ontario now owns 36,647 shares of the technology company’s stock worth $2,390,000 after purchasing an additional 32,725 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock worth $56,541,000 after buying an additional 4,061 shares during the last quarter. Finally, Centiva Capital LP raised its holdings in Twilio by 11.7% during the third quarter. Centiva Capital LP now owns 37,912 shares of the technology company’s stock valued at $2,473,000 after buying an additional 3,973 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 4,629 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction dated 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 a total of 54,575 shares of company stock worth $3,863,961 over the last quarter. Company insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of Twilio stock opened at $110.20 on Tuesday. The firm has a market cap of $16.90 billion, a P/E ratio of -42.88, a price-to-earnings-growth ratio of 3.28 and a beta of 1.38. The firm’s 50-day simple moving average is $86.06 and its 200-day simple moving average is $68.42. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $113.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Analysts Set New Price Targets

TWLO has been the topic of a number of analyst reports. Oppenheimer increased 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. UBS Group lifted their price target on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Tigress Financial raised their target price on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group boosted their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Two equities research 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, the company has an average rating of “Hold” and an average target price 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.