Twilio Inc. (NYSE:TWLO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in shares of Twilio Inc. (NYSE:TWLO) by 57.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,135 shares of the technology company’s stock after selling 4,215 shares during the quarter. State of Alaska Department of Revenue’s holdings in Twilio were worth $204,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carret Asset Management LLC acquired a new position in Twilio during the third quarter worth $366,000. DekaBank Deutsche Girozentrale raised its holdings in Twilio by 50.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 32,970 shares of the technology company’s stock worth $2,108,000 after purchasing an additional 11,105 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares during the last quarter. Forsta AP Fonden raised its holdings in Twilio by 4.3% during the third quarter. Forsta AP Fonden now owns 33,700 shares of the technology company’s stock worth $2,198,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in Twilio during the third quarter worth $2,183,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Trading Down 0.1 %

Shares of TWLO opened at $92.29 on Friday. The stock’s 50-day moving average is $68.65 and its two-hundred day moving average is $62.22. The stock has a market cap of $14.16 billion, a PE ratio of -35.91, a P/E/G ratio of 2.61 and a beta of 1.32. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $92.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TWLO shares. Needham & Company LLC lifted their price objective on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Northland Securities raised their price target on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Wells Fargo & Company raised their price target on Twilio from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Tigress Financial raised their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $79.55.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,418 shares of company stock worth $3,749,556 over the last quarter. 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.