Twilio Inc. (NYSE:TWLO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in Twilio Inc. (NYSE:TWLO) by 12.9% during the 3rd quarter, Holdings Channel reports. The fund owned 4,722 shares of the technology company’s stock after selling 697 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Twilio were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Twilio by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after acquiring an additional 224,040 shares in the last quarter. Kodai Capital Management LP lifted its stake in Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after purchasing an additional 761,356 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares in the last quarter. AQR Capital Management LLC increased its stake in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Twilio by 258.4% during 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 purchasing an additional 630,627 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 6,701 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 value of $435,766.03. Following the sale, the chief financial officer now directly owns 177,869 shares in the company, valued at $11,566,821.07. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the transaction, the insider now owns 152,563 shares of the company’s stock, valued at $9,919,646.26. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,946 shares of company stock worth $3,354,771. Corporate insiders own 4.50% of the company’s stock.

Twilio Trading Up 3.6 %

Shares of TWLO stock opened at $101.95 on Friday. The business’s fifty day moving average price is $75.42 and its 200 day moving average price is $64.51. The firm has a market capitalization of $15.64 billion, a PE ratio of -39.67, a P/E/G ratio of 2.78 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $102.49.

Analyst Ratings Changes

A number of research firms recently commented on TWLO. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a report on Friday, November 15th. JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. TD Cowen upped their target price on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley lifted their price target on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $83.70.

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.