Harbor Capital Advisors Inc. Acquires Shares of 2,502 Twilio Inc. (NYSE:TWLO)

Harbor Capital Advisors Inc. bought a new position in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,502 shares of the technology company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its holdings in shares of Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after purchasing an additional 9,140 shares during the period. Zacks Investment Management purchased a new position in Twilio during the third quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after buying an additional 9,141 shares in the last quarter. Affinity Investment Advisors LLC purchased a new stake in shares of Twilio during the third quarter worth about $434,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Twilio during the 3rd quarter worth approximately $2,168,000. 84.27% of the stock is owned by institutional investors.

Insider Activity at Twilio

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

Twilio Stock Performance

Shares of TWLO opened at $108.68 on Wednesday. The company’s fifty day moving average price is $105.85 and its 200 day moving average price is $78.25. Twilio Inc. has a one year low of $52.51 and a one year high of $116.43. The company has a market capitalization of $16.67 billion, a PE ratio of -42.29, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Analyst Ratings Changes

Several equities research analysts recently commented on TWLO shares. Piper Sandler increased their price target on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Morgan Stanley boosted their target price on Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Jefferies Financial Group raised their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price target on Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.