2,500 Shares in Twilio Inc. (NYSE:TWLO) Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new position in Twilio Inc. (NYSE:TWLO) during the 4th quarter, Holdings Channel reports. The fund purchased 2,500 shares of the technology company’s stock, valued at approximately $270,000.

Several other institutional investors also recently added to or reduced their stakes in TWLO. Victory Capital Management Inc. increased its stake in Twilio by 21.0% in the 2nd quarter. Victory Capital Management Inc. now owns 27,431 shares of the technology company’s stock worth $1,558,000 after buying an additional 4,753 shares during the period. Dimensional Fund Advisors LP increased its position in Twilio by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after purchasing an additional 224,040 shares during the period. Citizens Financial Group Inc. RI purchased a new position in Twilio during the 2nd quarter valued at about $308,000. Shariaportfolio Inc. increased its position in Twilio by 45.7% during the 2nd quarter. Shariaportfolio Inc. now owns 18,054 shares of the technology company’s stock valued at $1,026,000 after purchasing an additional 5,667 shares during the period. Finally, Blair William & Co. IL increased its position in Twilio by 1.3% during the 2nd quarter. Blair William & Co. IL now owns 99,144 shares of the technology company’s stock valued at $5,632,000 after purchasing an additional 1,251 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

NYSE TWLO traded up $4.19 on Thursday, hitting $116.55. The company had a trading volume of 529,457 shares, compared to its average volume of 1,815,425. The company has a market capitalization of $17.88 billion, a PE ratio of -45.35, a PEG ratio of 2.13 and a beta of 1.38. The company’s fifty day moving average price is $105.85 and its 200-day moving average price is $78.25. 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 12-month low of $52.51 and a 12-month high of $117.92.

Analyst Ratings Changes

TWLO has been the subject of a number of recent analyst reports. Needham & Company LLC lifted their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley lifted their price objective on shares of Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Friday, November 15th. Finally, Northland Securities lifted their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.61.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock valued at $2,844,655 over the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

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.