Pacer Advisors Inc. Buys 444,295 Shares of Twilio Inc. (NYSE:TWLO)

Pacer Advisors Inc. grew its holdings in Twilio Inc. (NYSE:TWLO) by 18.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,867,623 shares of the technology company’s stock after purchasing an additional 444,295 shares during the period. Pacer Advisors Inc. owned about 1.87% of Twilio worth $187,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TWLO. SouthState Corp raised its holdings in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio in the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Twilio in the second quarter valued at approximately $45,000. Finally, Venturi Wealth Management LLC increased its holdings in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after buying an additional 493 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the transaction, the chief financial officer now owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. The trade was a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock valued at $3,354,771 over the last quarter. 4.50% of the stock is owned by company insiders.

Twilio Trading Up 2.2 %

TWLO opened at $98.45 on Thursday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $101.00. The company has a 50-day simple moving average of $74.57 and a 200 day simple moving average of $64.25. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Oppenheimer boosted their target price on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $120.00 in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their target price on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Twilio currently has an average rating of “Hold” and an average 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.