SVB Wealth LLC Has $529,000 Stake in Twilio Inc. (NYSE:TWLO)

Posted by Defense World Staff on Feb 15th, 2023

SVB Wealth LLC boosted its position in shares of Twilio Inc. (NYSE:TWLO – Get Rating) by 220.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,659 shares of the technology company’s stock after acquiring an additional 5,269 shares during the period. SVB Wealth LLC’s holdings in Twilio were worth $529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zullo Investment Group Inc. lifted its position in Twilio by 263.6% during the 3rd quarter. Zullo Investment Group Inc. now owns 400 shares of the technology company’s stock worth $28,000 after acquiring an additional 290 shares during the last quarter. Activest Wealth Management lifted its position in Twilio by 125.0% during the 3rd quarter. Activest Wealth Management now owns 450 shares of the technology company’s stock worth $31,000 after acquiring an additional 250 shares during the last quarter. Covestor Ltd lifted its position in Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after acquiring an additional 172 shares during the last quarter. Sentry Investment Management LLC acquired a new position in Twilio during the 3rd quarter worth $36,000. Finally, Heritage Wealth Management LLC acquired a new position in Twilio during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 78.68% of the company’s stock.

Twilio Price Performance

TWLO opened at $62.10 on Wednesday. Twilio Inc. has a one year low of $41.00 and a one year high of $202.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.74 and a quick ratio of 5.74. The company’s 50 day simple moving average is $53.06 and its 200-day simple moving average is $62.89. The stock has a market capitalization of $11.45 billion, a P/E ratio of -8.55 and a beta of 1.39.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TWLO shares. JMP Securities cut their price objective on shares of Twilio from $175.00 to $110.00 and set a “market outperform” rating for the company in a research report on Friday, November 4th. Stifel Nicolaus upped their price objective on shares of Twilio from $45.00 to $60.00 in a research report on Monday. KeyCorp cut their price objective on shares of Twilio from $96.00 to $77.00 and set an “overweight” rating for the company in a research report on Monday, November 7th. Jefferies Financial Group lowered shares of Twilio from a “buy” rating to a “hold” rating and cut their price objective for the company from $110.00 to $50.00 in a research report on Sunday, November 27th. Finally, Wells Fargo & Company lowered shares of Twilio from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $140.00 to $60.00 in a research report on Friday, November 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $91.19.

About Twilio

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Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.

SVB Wealth LLC Has $529,000 Stake in Twilio Inc. (NYSE:TWLO)

Twilio Price Performance

Wall Street Analysts Forecast Growth

About Twilio

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