Twilio Inc. (NYSE:TWLO) Stock Position Lifted by Goldentree Asset Management LP

Goldentree Asset Management LP raised its position in Twilio Inc. (NYSE:TWLO) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 798,102 shares of the technology company’s stock after acquiring an additional 94,645 shares during the period. Twilio makes up approximately 4.1% of Goldentree Asset Management LP’s holdings, making the stock its 7th biggest holding. Goldentree Asset Management LP owned 0.52% of Twilio worth $51,935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new position in shares of Twilio during the first quarter valued at about $203,000. Price T Rowe Associates Inc. MD increased its stake in Twilio by 3.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 123,103 shares of the technology company’s stock valued at $7,529,000 after purchasing an additional 3,780 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Twilio by 164.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 10,793 shares of the technology company’s stock worth $632,000 after buying an additional 6,716 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after buying an additional 166 shares during the period. Finally, Comerica Bank increased its position in shares of Twilio by 23.9% in the 1st quarter. Comerica Bank now owns 5,233 shares of the technology company’s stock valued at $320,000 after acquiring an additional 1,008 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Performance

NYSE TWLO opened at $102.91 on Friday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $108.44. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $79.76 and a 200-day moving average of $66.00.

Insider Activity

In related news, CFO Aidan Viggiano sold 6,682 shares of Twilio stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total transaction of $437,938.28. Following the sale, the chief financial officer now owns 171,187 shares of the company’s stock, valued at $11,219,595.98. The trade was a 3.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,174 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.02, for a total value of $271,393.48. Following the completion of the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This trade represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,946 shares of company stock valued at $3,354,771 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TWLO. Tigress Financial boosted their price target on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley upped their target price on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price target on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Piper Sandler lifted their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Mizuho upped their price objective on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Twilio has an average rating of “Hold” and a consensus target price of $85.87.

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.