Twilio Inc. (NYSE:TWLO) Shares Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC lifted its position in shares of Twilio Inc. (NYSE:TWLO) by 19.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,610 shares of the technology company’s stock after purchasing an additional 3,020 shares during the period. Smith Group Asset Management LLC’s holdings in Twilio were worth $2,011,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TWLO. KBC Group NV grew its holdings in shares of Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after purchasing an additional 258,469 shares during the period. Regatta Capital Group LLC acquired a new stake in shares of Twilio in the fourth quarter worth $205,000. Brighton Jones LLC raised its stake in shares of Twilio by 6.6% in the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 623 shares during the period. Avior Wealth Management LLC boosted its position in Twilio by 4,061.7% during the 4th quarter. Avior Wealth Management LLC now owns 4,786 shares of the technology company’s stock worth $517,000 after purchasing an additional 4,671 shares during the period. Finally, Raleigh Capital Management Inc. increased its holdings in Twilio by 15,540.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock valued at $85,000 after purchasing an additional 777 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Scotiabank boosted their price target on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and upped their target price for the company from $77.00 to $185.00 in a research note on Monday. TD Cowen lifted their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Barclays upped their price objective 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. Finally, Stifel Nicolaus lifted their target price on Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.25.

Twilio Price Performance

Shares of TWLO opened at $146.77 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $148.37. The stock has a fifty day moving average price of $110.06 and a 200 day moving average price of $82.15.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’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 completion of 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. Over the last quarter, insiders sold 26,527 shares of company stock worth $2,844,655. Insiders own 4.50% of the company’s stock.

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.