Allspring Global Investments Holdings LLC Purchases 398,872 Shares of Twilio Inc. (NYSE:TWLO)

Allspring Global Investments Holdings LLC increased its position in Twilio Inc. (NYSE:TWLO) by 50,490.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,662 shares of the technology company’s stock after purchasing an additional 398,872 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Twilio were worth $26,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TWLO. Vanguard Group Inc. grew its position in shares of Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after buying an additional 140,791 shares during the period. Susquehanna Fundamental Investments LLC boosted its stake in Twilio by 78.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after acquiring an additional 31,227 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Twilio by 9.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock worth $14,051,000 after acquiring an additional 17,856 shares during the period. Farmers Trust Co. raised its position in shares of Twilio by 58.1% during the 3rd quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after acquiring an additional 21,001 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Twilio by 13.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock valued at $10,770,000 after purchasing an additional 21,245 shares during the period. 84.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. JPMorgan Chase & Co. upped their price target on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Oppenheimer increased their target price on shares of Twilio from $65.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday. Tigress Financial raised their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.00.

Twilio Price Performance

NYSE:TWLO opened at $70.61 on Thursday. Twilio Inc. has a 52-week low of $49.86 and a 52-week high of $78.16. The company has a market cap of $11.34 billion, a P/E ratio of -21.46, a P/E/G ratio of 4.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The stock’s 50-day simple moving average is $63.87 and its 200 day simple moving average is $60.47.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.23) EPS. As a group, sell-side analysts forecast that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Khozema Shipchandler sold 11,073 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 transaction of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 1,989 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares in the company, valued at $9,548,236.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,906 shares of company stock valued at $3,388,596. 4.50% of the stock is currently owned by corporate insiders.

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.