Twilio Inc. (NYSE:TWLO) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,858 shares of the technology company’s stock after selling 271 shares during the period. Intech Investment Management LLC’s holdings in Twilio were worth $1,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SouthState Corp lifted its holdings in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio in the second quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the period. Venturi Wealth Management LLC grew its stake in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares in the last quarter. Finally, Huntington National Bank increased its holdings in Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TWLO shares. Oppenheimer boosted their price objective on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Barclays increased their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. TD Cowen lifted their price objective on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. 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. Finally, Tigress Financial lifted their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.70.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the transaction, the chief financial officer now owns 177,869 shares in the company, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio 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 completion of the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,946 shares of company stock worth $3,354,771 in the last quarter. Company insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of NYSE:TWLO opened at $105.44 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a one year low of $52.51 and a one year high of $108.44. The company has a 50-day simple moving average of $77.22 and a 200-day simple moving average of $65.17. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of -41.03, a PEG ratio of 3.02 and a beta of 1.32.

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.