Summit Trail Advisors LLC Buys Shares of 6,078 Twilio Inc. (NYSE:TWLO)

Summit Trail Advisors LLC purchased a new position in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,078 shares of the technology company’s stock, valued at approximately $657,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Twilio in the 3rd quarter worth approximately $46,000. Venturi Wealth Management LLC boosted its stake in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares in the last quarter. Huntington National Bank increased its holdings in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after buying an additional 532 shares during the period. Finally, Raleigh Capital Management Inc. raised its stake in Twilio by 15,540.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock worth $85,000 after buying an additional 777 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TWLO. Morgan Stanley increased their target price on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. 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. Tigress Financial boosted their target price on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Mizuho increased their price target on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Twilio from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.25.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,015 shares of company stock valued at $2,483,695. 4.50% of the stock is owned by insiders.

Twilio Trading Down 1.0 %

Twilio stock opened at $143.04 on Wednesday. The stock has a 50-day moving average price of $118.81 and a 200 day moving average price of $88.36. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

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.