Merit Financial Group LLC acquired a new stake in Twilio Inc. (NYSE:TWLO – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,460 shares of the technology company’s stock, valued at approximately $374,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management acquired a new stake in shares of Twilio in the 4th quarter valued at $344,000. KBC Group NV increased its holdings in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after buying an additional 9,140 shares during the last quarter. Zacks Investment Management acquired a new stake in Twilio in the third quarter valued at $3,386,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares during the last quarter. Finally, Affinity Investment Advisors LLC acquired a new position in shares of Twilio during the 3rd quarter worth about $434,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on TWLO shares. Barclays raised their target price on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Scotiabank boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday. Needham & Company LLC increased their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Mizuho lifted their price target on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, UBS Group upped their price objective on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and an average target price of $110.96.
Insider Activity at Twilio
In other news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,527 shares of company stock worth $2,844,655 over the last three months. 4.50% of the stock is currently owned by corporate insiders.
Twilio Trading Up 19.9 %
NYSE TWLO opened at $135.98 on Friday. 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 stock has a market capitalization of $20.86 billion, a P/E ratio of -52.91, a P/E/G ratio of 2.22 and a beta of 1.38. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $141.40. The firm has a 50-day moving average price of $108.41 and a 200 day moving average price of $80.68.
Twilio Company 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.
Featured Articles
- Five stocks we like better than Twilio
- Health Care Stocks Explained: Why You Might Want to Invest
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 3 Buy-and-Hold Stocks for Long-Term Growth
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Despite Short-Term Risks Freeport McMoran Worth a Look
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.