GAMMA Investing LLC Increases Stock Position in Twilio Inc. (NYSE:TWLO)

GAMMA Investing LLC raised its position in Twilio Inc. (NYSE:TWLO) by 25.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 849 shares of the technology company’s stock after acquiring an additional 170 shares during the quarter. GAMMA Investing LLC’s holdings in Twilio were worth $92,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC increased its holdings in Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 112 shares during the period. Covestor Ltd grew its position in shares of Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after buying an additional 148 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after buying an additional 182 shares during the period. US Bancorp DE raised its holdings in shares of Twilio by 4.7% during the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after acquiring an additional 217 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in Twilio by 0.4% in the second quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after acquiring an additional 220 shares during the period. 84.27% of the stock is owned by institutional investors.

Insider Activity

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

Twilio Stock Performance

TWLO stock opened at $108.05 on Friday. The stock’s 50 day simple moving average is $105.04 and its 200 day simple moving average is $77.36. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $116.43. The stock has a market capitalization of $16.57 billion, a PE ratio of -42.04, 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 issued reports on TWLO shares. UBS Group boosted their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Tigress Financial lifted their price objective on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus upped their target price on Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group raised their target price on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $93.61.

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.