Twilio Inc. (NYSE:TWLO) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. reduced its holdings in Twilio Inc. (NYSE:TWLOFree Report) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,958 shares of the technology company’s stock after selling 461 shares during the quarter. Freedom Investment Management Inc.’s holdings in Twilio were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after buying an additional 1,006,391 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of 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 worth $57,044,000 after purchasing an additional 630,627 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in 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 purchasing an additional 398,872 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Trading Up 1.6 %

Shares of NYSE TWLO opened at $104.54 on Friday. The stock has a market capitalization of $16.03 billion, a P/E ratio of -40.68, a PEG ratio of 2.97 and a beta of 1.32. The stock’s 50 day moving average price is $80.59 and its two-hundred day moving average price is $66.32. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $108.44.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was 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 in the company, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the transaction, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,946 shares of company stock valued at $3,354,771. Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Oppenheimer increased their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Friday, November 15th. Finally, TD Cowen boosted their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Twilio has a consensus rating of “Hold” and an average target price of $85.87.

Read Our Latest Report on Twilio

About Twilio

(Free Report)

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.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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