Swedbank AB Has $3.67 Million Position in Twilio Inc. (NYSE:TWLO)

Swedbank AB reduced its stake in Twilio Inc. (NYSE:TWLO) by 44.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,254 shares of the technology company’s stock after selling 45,845 shares during the quarter. Swedbank AB’s holdings in Twilio were worth $3,669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp lifted its holdings in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Twilio in the 2nd quarter worth approximately $29,000. GAMMA Investing LLC lifted its holdings in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Twilio by 205.4% in 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 during the last quarter. Finally, Huntington National Bank lifted its holdings in Twilio by 214.5% in 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 last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $102.91 on Thursday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $108.44. The firm has a market cap of $15.78 billion, a PE ratio of -40.04, a price-to-earnings-growth ratio of 3.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business has a fifty day moving average of $78.96 and a 200-day moving average of $65.74.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,946 shares of company stock worth $3,354,771 over the last 90 days. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Piper Sandler upped their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. UBS Group upped their price target on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Mizuho upped their price target on Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company upgraded Twilio from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $120.00 in a report on Tuesday, November 12th. Two investment 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. According to MarketBeat, Twilio has an average rating of “Hold” and an average price target of $85.87.

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.