Everence Capital Management Inc. Invests $467,000 in Twilio Inc. (NYSE:TWLO)

Everence Capital Management Inc. purchased a new stake in Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,320 shares of the technology company’s stock, valued at approximately $467,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted 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. Brooklyn Investment Group purchased a new stake in Twilio in the third quarter valued at approximately $46,000. Venturi Wealth Management LLC boosted its holdings in shares of Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the period. Huntington National Bank grew its position in shares of Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp acquired a new position in shares of Twilio in the 3rd quarter valued at $53,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Up 3.7 %

Shares of NYSE TWLO opened at $113.09 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm’s 50-day moving average is $101.55 and its two-hundred day moving average is $75.55. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $116.43. The company has a market capitalization of $17.35 billion, a PE ratio of -44.00, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Friday, November 15th. Piper Sandler boosted their price target on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Northland Securities boosted their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, TD Cowen increased their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $91.22.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is owned by corporate insiders.

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.