Global Trust Asset Management LLC Purchases 890 Shares of Twilio Inc. (NYSE:TWLO)

Global Trust Asset Management LLC boosted its position in Twilio Inc. (NYSE:TWLO) by 59.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,382 shares of the technology company’s stock after buying an additional 890 shares during the period. Global Trust Asset Management LLC’s holdings in Twilio were worth $257,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Twilio by 736.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Twilio by 258.4% during 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 last quarter. Pacer Advisors Inc. grew its holdings in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after buying an additional 398,872 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after acquiring an additional 311,481 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group increased their target price on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Robert W. Baird increased their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their target price on Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 2nd. Mizuho raised Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the company from $85.00 to $140.00 in a research report on Wednesday, January 8th. Finally, Northland Securities boosted their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research 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 given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $93.74.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is owned by company insiders.

Twilio Stock Performance

Shares of TWLO stock opened at $113.83 on Wednesday. The company’s fifty day simple moving average is $107.49 and its two-hundred day simple moving average is $79.83. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $117.92. 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 Company 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.