Wellington Management Group LLP Trims Position in Twilio Inc. (NYSE:TWLO)

Wellington Management Group LLP decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 30.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,252 shares of the technology company’s stock after selling 2,354 shares during the period. Wellington Management Group LLP’s holdings in Twilio were worth $343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Worldquant Millennium Advisors LLC acquired a new stake in Twilio in the 3rd quarter worth about $879,000. Weiss Asset Management LP purchased a new position in shares of Twilio during the 3rd quarter worth about $280,000. Stifel Financial Corp lifted its holdings in shares of Twilio by 176.8% during the 3rd quarter. Stifel Financial Corp now owns 21,833 shares of the technology company’s stock worth $1,424,000 after acquiring an additional 13,946 shares during the period. Quantinno Capital Management LP boosted its position in shares of Twilio by 409.8% in the third quarter. Quantinno Capital Management LP now owns 51,019 shares of the technology company’s stock worth $3,327,000 after acquiring an additional 41,011 shares during the last quarter. Finally, RBF Capital LLC purchased a new stake in Twilio in the third quarter valued at approximately $1,064,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO opened at $107.93 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. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $116.43. The business has a 50 day moving average price of $93.67 and a two-hundred day moving average price of $71.52. The firm has a market cap of $16.55 billion, a PE ratio of -42.00, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 54,575 shares of company stock worth $3,863,961. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TWLO shares. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Robert W. Baird lifted their target price on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Sanford C. Bernstein upped their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Jefferies Financial Group increased their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.35.

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.