Stifel Financial Corp Buys 13,946 Shares of Twilio Inc. (NYSE:TWLO)

Stifel Financial Corp increased its position in shares of Twilio Inc. (NYSE:TWLO) by 176.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,833 shares of the technology company’s stock after acquiring an additional 13,946 shares during the quarter. Stifel Financial Corp’s holdings in Twilio were worth $1,424,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC lifted its holdings in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares during the period. SouthState Corp lifted its stake in Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio in the 2nd quarter valued at $29,000. Brooklyn Investment Group bought a new position in shares of Twilio in the 3rd quarter valued at $46,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 1,248 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total transaction of $81,793.92. Following the completion of the sale, the insider now owns 151,315 shares of the company’s stock, valued at $9,917,185.10. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,575 shares of company stock worth $3,863,961 over the last three months. 4.50% of the stock is owned by company insiders.

Twilio Stock Up 1.8 %

Twilio stock opened at $107.93 on Friday. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of -42.00, a PEG ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $116.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a 50 day moving average price of $93.67 and a two-hundred day moving average price of $71.62.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday. Mizuho lifted their price target on shares of Twilio from $70.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, December 13th. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Morgan Stanley upped their price target on shares of Twilio from $77.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $90.35.

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.