Twilio Inc. (NYSE:TWLO) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Twilio Inc. (NYSE:TWLO) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,724,406 shares of the technology company’s stock after purchasing an additional 33,824 shares during the quarter. Geode Capital Management LLC’s holdings in Twilio were worth $177,622,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TWLO. KBC Group NV raised its position in Twilio by 67.4% during the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after buying an additional 9,140 shares during the period. Zacks Investment Management acquired a new stake in shares of Twilio during the third quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC grew its position in Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares in the last quarter. Affinity Investment Advisors LLC acquired a new position in Twilio in the 3rd quarter valued at approximately $434,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Twilio in the 3rd quarter worth approximately $2,168,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TWLO shares. Sanford C. Bernstein upped their price target on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Morgan Stanley lifted their price target on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. TD Cowen increased their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, UBS Group lifted their target price on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Twilio has a consensus rating of “Hold” and an average target price of $86.52.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was 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 approximately $11,566,821.07. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,174 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,575 shares of company stock valued at $3,863,961 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Twilio Stock Down 1.7 %

TWLO opened at $112.98 on Monday. The business has a 50 day moving average of $89.77 and a 200-day moving average of $69.93. The stock has a market capitalization of $17.33 billion, a price-to-earnings ratio of -43.96, a P/E/G ratio of 3.26 and a beta of 1.38. The company has a current ratio of 5.06, a quick 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 $116.43.

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.