Fmr LLC Has $600.45 Million Position in Twilio Inc. (NYSE:TWLO)

Fmr LLC lifted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 0.8% during the third quarter, HoldingsChannel reports. The firm owned 9,206,488 shares of the technology company’s stock after acquiring an additional 77,436 shares during the quarter. Fmr LLC owned about 0.06% of Twilio worth $600,447,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TWLO. SouthState Corp raised its position in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio during the second quarter worth about $29,000. GAMMA Investing LLC raised its position in shares of Twilio by 70.6% during the second 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 period. Lynx Investment Advisory acquired a new stake in Twilio in the 2nd quarter valued at approximately $45,000. Finally, Venturi Wealth Management LLC raised its position in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after buying an additional 493 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

TWLO has been the topic of a number of recent research reports. Piper Sandler lifted their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. Robert W. Baird lifted their target price on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Mizuho lifted their target price on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC lifted their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $85.87.

Twilio Stock Performance

Shares of NYSE TWLO opened at $102.91 on Friday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $108.44. The stock has a 50 day moving average of $79.76 and a 200-day moving average of $66.00. The company has a market capitalization of $15.78 billion, a P/E ratio of -40.04, a P/E/G ratio of 3.05 and a beta of 1.32.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the sale, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,946 shares of company stock valued at $3,354,771. Insiders own 4.50% of the company’s stock.

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.