SYM FINANCIAL Corp Makes New Investment in Twilio Inc. (NYSE:TWLO)

SYM FINANCIAL Corp acquired a new position in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,397 shares of the technology company’s stock, valued at approximately $259,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC raised its position in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 112 shares during the period. Covestor Ltd raised its holdings in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares during the period. GAMMA Investing LLC raised its holdings in Twilio by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the period. Metis Global Partners LLC lifted its position in Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after purchasing an additional 182 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its holdings in Twilio by 2.4% during the fourth quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock valued at $976,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TWLO. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Stifel Nicolaus lifted their price target on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. TD Cowen lifted their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, William Blair reiterated an “outperform” rating on shares of Twilio in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.25.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was 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 trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock valued at $2,483,695 over the last ninety days. 4.50% of the stock is owned by insiders.

Twilio Stock Down 1.2 %

Shares of NYSE TWLO opened at $146.58 on Monday. 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 $151.95. The firm’s 50-day moving average price is $113.79 and its 200-day moving average price is $84.46. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of -57.03, a P/E/G ratio of 3.57 and a beta of 1.38.

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.