US Bancorp DE Purchases 217 Shares of Twilio Inc. (NYSE:TWLO)

US Bancorp DE increased its position in shares of Twilio Inc. (NYSE:TWLO) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,787 shares of the technology company’s stock after acquiring an additional 217 shares during the period. US Bancorp DE’s holdings in Twilio were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after buying an additional 1,006,391 shares during the last quarter. Kodai Capital Management LP increased its holdings in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after buying an additional 531,075 shares during the last quarter. Goldentree Asset Management LP bought a new position in shares of Twilio in the 1st quarter worth $31,745,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 2.6 %

Shares of Twilio stock opened at $96.51 on Wednesday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $98.49. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of -36.60, a PEG ratio of 2.67 and a beta of 1.32. The company has a 50-day moving average of $69.27 and a 200 day moving average of $62.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the transaction, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Twilio news, CFO Aidan Viggiano sold 6,682 shares of Twilio stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total value of $437,938.28. Following the completion of the transaction, the chief financial officer now directly owns 171,187 shares of the company’s stock, valued at approximately $11,219,595.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the transaction, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,418 shares of company stock valued at $3,749,556 in the last three months. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TWLO. Northland Securities upped their price objective on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Sanford C. Bernstein upped their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Finally, Needham & Company LLC upped their price objective on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $81.36.

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.