Adero Partners LLC Sells 1,664 Shares of Twilio Inc. (NYSE:TWLO)

Adero Partners LLC lessened its stake in Twilio Inc. (NYSE:TWLO) by 17.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,806 shares of the technology company’s stock after selling 1,664 shares during the period. Adero Partners LLC’s holdings in Twilio were worth $509,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TWLO. AQR Capital Management LLC lifted its stake in shares of 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 buying an additional 1,006,391 shares during the period. Kodai Capital Management LP lifted its stake in shares of Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after buying an additional 761,356 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after buying an additional 531,075 shares during the period. Finally, Goldentree Asset Management LP bought a new stake in shares of Twilio in the first quarter valued at about $31,745,000. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of Twilio stock opened at $96.59 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market cap of $14.81 billion, a P/E ratio of -37.58, a P/E/G ratio of 2.79 and a beta of 1.32. The firm has a 50 day simple moving average of $72.24 and a 200 day simple moving average of $63.50. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $101.00.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the sale, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at $11,382,431.90. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,468 shares of company stock valued at $3,509,830 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on TWLO shares. Sanford C. Bernstein raised their price target on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Mizuho raised their price target on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Northland Securities raised their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Barclays raised their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $120.00 in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus 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.