Farther Finance Advisors LLC Cuts Stake in Twilio Inc. (NYSE:TWLO)

Farther Finance Advisors LLC cut its holdings in Twilio Inc. (NYSE:TWLO) by 76.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 546 shares of the technology company’s stock after selling 1,734 shares during the quarter. Farther Finance Advisors LLC’s holdings in Twilio were worth $36,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Affinity Investment Advisors LLC bought a new position in shares of Twilio during the 3rd quarter worth approximately $434,000. US Bancorp DE boosted its position in shares of Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after purchasing an additional 217 shares in the last quarter. Financial Advocates Investment Management purchased a new position in Twilio during the 3rd quarter worth $232,000. 1620 Investment Advisors Inc. increased its position in Twilio by 40.2% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 1,415 shares of the technology company’s stock valued at $92,000 after buying an additional 406 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in Twilio by 44.3% in the third quarter. New York State Teachers Retirement System now owns 16,017 shares of the technology company’s stock valued at $1,045,000 after buying an additional 4,916 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TWLO has been the subject of several research reports. Robert W. Baird lifted their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Piper Sandler boosted their price target on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their price objective on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Tigress Financial lifted their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.36.

Twilio Stock Performance

Shares of TWLO opened at $97.13 on Friday. The stock has a market capitalization of $14.90 billion, a P/E ratio of -38.86, a P/E/G ratio of 2.79 and a beta of 1.32. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $101.00. 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 $70.76 and its 200-day moving average is $62.99.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,468 shares of company stock valued at $3,509,830. Company insiders own 4.50% of the company’s stock.

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.