Amalgamated Bank Reduces Stock Position in Twilio Inc. (NYSE:TWLO)

Amalgamated Bank cut its stake in Twilio Inc. (NYSE:TWLO) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,701 shares of the technology company’s stock after selling 259 shares during the period. Amalgamated Bank’s holdings in Twilio were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. United Advisor Group LLC purchased a new position in Twilio in the third quarter worth approximately $998,000. Clarity Capital Partners LLC purchased a new position in Twilio in the third quarter worth approximately $225,000. QRG Capital Management Inc. purchased a new position in Twilio in the third quarter worth approximately $294,000. Robeco Institutional Asset Management B.V. grew its position in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after acquiring an additional 630,627 shares during the period. Finally, Van ECK Associates Corp grew its position in Twilio by 6.0% in the third quarter. Van ECK Associates Corp now owns 4,949 shares of the technology company’s stock worth $349,000 after acquiring an additional 282 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. The Goldman Sachs Group increased their price objective on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. UBS Group raised their price target on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Piper Sandler raised their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Barclays raised their price target on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus target price of $83.70.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,468 shares of company stock worth $3,509,830 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Down 0.6 %

Shares of NYSE TWLO opened at $96.54 on Friday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $101.00. 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 stock has a market cap of $14.81 billion, a P/E ratio of -37.56, a PEG ratio of 2.89 and a beta of 1.32. The business’s fifty day simple moving average is $71.47 and its 200-day simple moving average is $63.23.

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.