Tandem Financial LLC Purchases New Position in Twilio Inc. (NYSE:TWLO)

Tandem Financial LLC acquired a new position in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,100 shares of the technology company’s stock, valued at approximately $119,000.

A number of other large investors have also recently made changes to their positions in the business. FMR LLC boosted its position in Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after acquiring an additional 77,436 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Geode Capital Management LLC grew its stake in Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after purchasing an additional 33,824 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after buying an additional 4,061 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock worth $2,483,695 over the last three months. 4.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TWLO shares. Mizuho upped their target price on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price target on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. TD Cowen raised their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Scotiabank raised their price target on Twilio from $90.00 to $160.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Trading Up 0.1 %

Shares of TWLO stock opened at $147.22 on Friday. 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 company has a market cap of $22.58 billion, a price-to-earnings ratio of -57.28, a PEG ratio of 3.58 and a beta of 1.42. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The firm has a fifty day moving average price of $116.32 and a 200-day moving average price of $86.30.

Twilio Company 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.