Geode Capital Management LLC Grows Holdings in Twilio Inc. (NYSE:TWLO)

Geode Capital Management LLC increased its stake in Twilio Inc. (NYSE:TWLO) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,724,406 shares of the technology company’s stock after buying an additional 33,824 shares during the period. Geode Capital Management LLC owned about 1.78% of Twilio worth $177,622,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its stake in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. SouthState Corp grew its position in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Twilio in the 2nd quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new stake in shares of Twilio during the 3rd quarter valued at approximately $46,000. Finally, Venturi Wealth Management LLC lifted its stake in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Performance

TWLO opened at $112.98 on Monday. The business has a 50 day moving average price of $89.77 and a two-hundred day moving average price of $69.93. 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 capitalization of $17.33 billion, a price-to-earnings ratio of -43.96, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $116.43.

Analyst Ratings Changes

TWLO has been the topic of a number of research reports. UBS Group increased their target price on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays raised their target price on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Tigress Financial raised their price target on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird upped their price objective on Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio currently has an average rating of “Hold” and a consensus price target of $86.52.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on 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 $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,575 shares of company stock valued at $3,863,961. Corporate insiders own 4.50% of the company’s stock.

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.