28,209 Shares in Twilio Inc. (NYSE:TWLO) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) during the third quarter, HoldingsChannel reports. The institutional investor acquired 28,209 shares of the technology company’s stock, valued at approximately $1,840,000.

A number of other institutional investors have also modified their holdings of TWLO. True Wealth Design LLC boosted its holdings in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. SouthState Corp increased its stake in Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Twilio in the 2nd quarter worth about $29,000. Brooklyn Investment Group acquired a new position in shares of Twilio in the 3rd quarter valued at about $46,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,174 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,575 shares of company stock valued at $3,863,961 over the last three months. Company insiders own 4.50% of the company’s stock.

Twilio Stock Down 1.6 %

TWLO stock opened at $108.41 on Wednesday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $113.90. The firm has a 50 day simple moving average of $86.06 and a 200 day simple moving average of $68.42. The firm has a market cap of $16.63 billion, a PE ratio of -42.18, a P/E/G ratio of 3.28 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Wall Street Analysts Forecast Growth

TWLO has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Piper Sandler lifted their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. UBS Group upped their target price on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Mizuho lifted their target price on Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.