Sanctuary Advisors LLC Has $807,000 Position in Twilio Inc. (NYSE:TWLO)

Sanctuary Advisors LLC lessened its stake in shares of Twilio Inc. (NYSE:TWLO) by 17.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,371 shares of the technology company’s stock after selling 2,704 shares during the period. Sanctuary Advisors LLC’s holdings in Twilio were worth $807,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Twilio by 8.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,471 shares of the technology company’s stock valued at $311,000 after purchasing an additional 448 shares during the period. State of Michigan Retirement System boosted its holdings in Twilio by 107.9% in the 2nd quarter. State of Michigan Retirement System now owns 7,900 shares of the technology company’s stock valued at $449,000 after purchasing an additional 4,100 shares during the period. Kintegral Advisory LLC grew its position in Twilio by 176.9% in the 2nd quarter. Kintegral Advisory LLC now owns 17,032 shares of the technology company’s stock worth $968,000 after purchasing an additional 10,880 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio during the 2nd quarter worth about $29,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Twilio by 1.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,602 shares of the technology company’s stock valued at $3,443,000 after buying an additional 887 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

TWLO stock opened at $109.69 on Tuesday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $116.43. 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 firm has a market cap of $16.82 billion, a PE ratio of -42.68, a P/E/G ratio of 3.26 and a beta of 1.38. The business’s 50-day moving average price is $93.67 and its two-hundred day moving average price is $71.72.

Analysts Set New Price Targets

Several equities analysts have commented on TWLO shares. Mizuho upped their price target on Twilio from $70.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Morgan Stanley upped their target price on Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. TD Cowen boosted their price target on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Friday, November 15th. Finally, UBS Group lifted their target price on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Twilio currently has an average rating of “Hold” and a consensus target price of $90.35.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares in the company, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,575 shares of company stock valued at $3,863,961 over the last 90 days. 4.50% of the stock is owned by company insiders.

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.