Geode Capital Management LLC increased its stake in Twilio Inc. (NYSE:TWLO – Get Rating) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,258,345 shares of the technology company’s stock after purchasing an additional 87,844 shares during the period. Geode Capital Management LLC owned 1.23% of Twilio worth $110,434,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. James Investment Research Inc. purchased a new stake in Twilio in the 4th quarter worth $26,000. Lazard Asset Management LLC grew its holdings in shares of Twilio by 169.4% during the third quarter. Lazard Asset Management LLC now owns 501 shares of the technology company’s stock worth $34,000 after buying an additional 315 shares in the last quarter. Covestor Ltd lifted its position in shares of Twilio by 419.5% during the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after purchasing an additional 172 shares in the last quarter. Concord Wealth Partners acquired a new stake in shares of Twilio during the fourth quarter worth about $36,000. Finally, Lindbrook Capital LLC lifted its position in shares of Twilio by 138.4% during the fourth quarter. Lindbrook Capital LLC now owns 937 shares of the technology company’s stock worth $46,000 after purchasing an additional 544 shares in the last quarter. 78.68% of the stock is currently owned by institutional investors and hedge funds.
Twilio Price Performance
Shares of NYSE TWLO opened at $64.86 on Thursday. Twilio Inc. has a 1-year low of $41.00 and a 1-year high of $110.31. The business’s fifty day moving average price is $57.38 and its two-hundred day moving average price is $56.98. The company has a quick ratio of 6.16, a current ratio of 6.16 and a debt-to-equity ratio of 0.10.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on TWLO shares. Bank of America reduced their price target on shares of Twilio from $65.00 to $55.00 in a research report on Wednesday, May 10th. Oppenheimer cut their target price on shares of Twilio from $85.00 to $75.00 in a research note on Wednesday, May 10th. Morgan Stanley cut their target price on shares of Twilio from $82.00 to $65.00 in a research note on Wednesday, May 10th. Stifel Nicolaus cut their target price on shares of Twilio from $75.00 to $50.00 in a research note on Wednesday, May 10th. Finally, Barclays dropped their price target on shares of Twilio from $75.00 to $50.00 in a research note on Thursday, May 11th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.11.
Insider Activity at Twilio
In related news, CFO Aidan Viggiano sold 6,226 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $63.76, for a total value of $396,969.76. Following the transaction, the chief financial officer now directly owns 213,577 shares of the company’s stock, valued at approximately $13,617,669.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Elena A. Donio sold 6,485 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $67.07, for a total value of $434,948.95. Following the sale, the insider now owns 425,177 shares of the company’s stock, valued at approximately $28,516,621.39. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 6,226 shares of the business’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $63.76, for a total value of $396,969.76. Following the completion of the sale, the chief financial officer now directly owns 213,577 shares in the company, valued at approximately $13,617,669.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,741 shares of company stock valued at $1,222,638. Corporate insiders own 4.20% of the company’s stock.
Twilio Company Profile
Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.
Read More
- Get a free copy of the StockNews.com research report on Twilio (TWLO)
- What is a Growth Stock Mutual Fund?
- 10 Best Airline Stocks to Buy
- Ollie’s Bargain Outlet Goes On Sale
- Campbell Soup Company Leads Staples Stocks Into The Buy Zone
- Netflix Collaboration Fuels IAS, DoubleVerify Stock Surge
Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLO – Get Rating).
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.
