Panagora Asset Management Inc. cut its holdings in shares of Twilio Inc. (NYSE:TWLO – Free Report) by 2.1% during the first quarter, Holdings Channel.com reports. The fund owned 16,460 shares of the technology company’s stock after selling 349 shares during the period. Panagora Asset Management Inc.’s holdings in Twilio were worth $1,097,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of TWLO. Vanguard Group Inc. raised its stake in shares of Twilio by 25.6% during the first quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock valued at $2,162,627,000 after acquiring an additional 2,678,049 shares in the last quarter. Generation Investment Management LLP grew its holdings in Twilio by 45.1% in the fourth quarter. Generation Investment Management LLP now owns 7,286,340 shares of the technology company’s stock valued at $356,739,000 after purchasing an additional 2,265,233 shares during the period. FMR LLC boosted its stake in shares of Twilio by 28.2% in the first quarter. FMR LLC now owns 9,589,225 shares of the technology company’s stock worth $638,930,000 after acquiring an additional 2,109,091 shares during the last quarter. Norges Bank acquired a new stake in shares of Twilio in the fourth quarter worth approximately $84,442,000. Finally, Bank of America Corp DE lifted its position in Twilio by 104.0% during the fourth quarter. Bank of America Corp DE now owns 2,206,811 shares of the technology company’s stock worth $108,045,000 after buying an additional 1,124,849 shares in the last quarter. 80.87% of the stock is owned by institutional investors.
Twilio Price Performance
Shares of NYSE:TWLO opened at $66.83 on Friday. Twilio Inc. has a one year low of $41.00 and a one year high of $81.25. The stock has a fifty day moving average of $62.78 and a 200-day moving average of $61.80. The company has a market capitalization of $12.10 billion, a PE ratio of -10.10 and a beta of 1.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.14 and a current ratio of 6.14.
Insider Buying and Selling at Twilio
In other Twilio news, insider Dana Wagner sold 3,885 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $64.09, for a total transaction of $248,989.65. Following the sale, the insider now directly owns 153,621 shares of the company’s stock, valued at approximately $9,845,569.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Dana Wagner sold 3,885 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $64.09, for a total value of $248,989.65. Following the transaction, the insider now directly owns 153,621 shares of the company’s stock, valued at $9,845,569.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,184 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $64.07, for a total transaction of $396,208.88. Following the transaction, the chief financial officer now directly owns 198,257 shares in the company, valued at $12,702,325.99. The disclosure for this sale can be found here. Insiders have sold a total of 38,404 shares of company stock valued at $2,390,869 in the last three months. 4.20% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
TWLO has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, August 9th. Royal Bank of Canada downgraded Twilio from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from $55.00 to $50.00 in a research note on Monday, July 24th. Piper Sandler cut their target price on Twilio from $71.00 to $68.00 in a research note on Wednesday, August 9th. StockNews.com initiated coverage on Twilio in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group upped their price target on Twilio from $53.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Hold” and an average target price of $71.64.
View Our Latest Report on TWLO
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.
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