Twilio Inc. (NYSE:TWLO) Shares Acquired by Circumference Group LLC

Circumference Group LLC increased its position in shares of Twilio Inc. (NYSE:TWLO) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the technology company’s stock after acquiring an additional 5,000 shares during the period. Twilio makes up about 3.4% of Circumference Group LLC’s investment portfolio, making the stock its 16th largest position. Circumference Group LLC’s holdings in Twilio were worth $3,261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWLO. FMR LLC grew its holdings in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after acquiring an additional 77,436 shares during the last quarter. Pacer Advisors Inc. increased its stake in Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 worth $128,396,000 after buying an additional 224,040 shares during the period. Point72 Asset Management L.P. lifted its stake in Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after buying an additional 311,481 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings 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 worth $63,915,000 after buying an additional 1,006,391 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Insider Activity at Twilio

In other news, 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 transaction of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,946 shares of company stock worth $3,354,771 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Twilio Stock Performance

TWLO opened at $104.54 on Monday. The stock’s 50 day moving average price is $80.59 and its two-hundred day moving average price is $66.36. The firm has a market capitalization of $16.03 billion, a P/E ratio of -40.68, a price-to-earnings-growth ratio of 3.02 and a beta of 1.32. The company has a quick ratio of 5.06, a current 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Northland Securities raised their target price on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $120.00 in a research note on Tuesday, November 12th. Piper Sandler increased their target price on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Tigress Financial boosted their price target on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group increased their price objective on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus price target of $85.87.

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.