Tidal Investments LLC Increases Stock Holdings in Twilio Inc. (NYSE:TWLO)

Tidal Investments LLC grew its holdings in shares of Twilio Inc. (NYSE:TWLO) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 17,666 shares of the technology company’s stock after purchasing an additional 112 shares during the quarter. Tidal Investments LLC’s holdings in Twilio were worth $1,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its holdings in Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after buying an additional 148 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares in the last quarter. Arizona State Retirement System raised its holdings in Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 205 shares during the period. US Bancorp DE raised its holdings in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after purchasing an additional 217 shares during the period. Finally, Royal London Asset Management Ltd. grew its holdings in Twilio by 0.4% during the second quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock valued at $3,413,000 after purchasing an additional 220 shares during the period. Institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $435,766.03. Following the transaction, the chief financial officer now owns 177,869 shares of the company’s stock, valued at $11,566,821.07. This represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,575 shares of company stock worth $3,863,961. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group raised their price objective on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $120.00 in a research note on Tuesday, November 12th. UBS Group upped their price target on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley raised their price objective on shares of Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $90.35.

Twilio Trading Up 0.5 %

Shares of TWLO stock opened at $106.03 on Friday. The company has a market cap of $16.26 billion, a PE ratio of -41.26, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $116.43. The stock’s 50 day simple moving average is $92.92 and its two-hundred day simple moving average is $71.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

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.