Brooklyn Investment Group Invests $46,000 in Twilio Inc. (NYSE:TWLO)

Brooklyn Investment Group acquired a new position in shares of Twilio Inc. (NYSE:TWLO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 709 shares of the technology company’s stock, valued at approximately $46,000.

Other hedge funds have also recently bought and sold shares of the company. SouthState Corp raised its holdings in Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after buying an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Twilio in the second quarter valued at approximately $29,000. GAMMA Investing LLC grew its position in Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares in the last quarter. Lynx Investment Advisory acquired a new stake in Twilio in the second quarter valued at approximately $45,000. Finally, Venturi Wealth Management LLC grew its position in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO opened at $104.63 on Friday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $108.44. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of -40.71, a PEG ratio of 2.97 and a beta of 1.32. The firm has a 50-day moving average of $80.59 and a two-hundred day moving average of $66.30.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho increased their price objective on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their price target on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has an average rating of “Hold” and a consensus target price of $85.87.

Insider Buying and Selling at Twilio

In other Twilio news, 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 transaction of $271,393.48. Following the sale, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $435,766.03. Following the sale, the chief financial officer now owns 177,869 shares in the company, valued at approximately $11,566,821.07. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is owned by insiders.

About Twilio

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.