Sanders Morris Harris LLC Purchases Shares of 2,500 Twilio Inc. (NYSE:TWLO)

Sanders Morris Harris LLC purchased a new stake in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,500 shares of the technology company’s stock, valued at approximately $270,000.

Several other large investors have also recently bought and sold shares of TWLO. AQR Capital Management LLC boosted its holdings in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the period. Pacer Advisors Inc. boosted its holdings in Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after acquiring an additional 398,872 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of 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 worth $75,813,000 after acquiring an additional 311,481 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TWLO shares. Jefferies Financial Group lifted their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. UBS Group lifted their target price on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley lifted their target price on shares of Twilio from $77.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.61.

Twilio Price Performance

Shares of NYSE:TWLO traded up $4.19 during midday trading on Thursday, reaching $116.55. 529,457 shares of the company were exchanged, compared to its average volume of 1,815,425. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average is $105.85 and its two-hundred day moving average is $78.25. Twilio Inc. has a one year low of $52.51 and a one year high of $117.92. The stock has a market cap of $17.88 billion, a PE ratio of -45.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is owned by insiders.

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.