Entropy Technologies LP Boosts Stock Position in Twilio Inc. (NYSE:TWLO)

Entropy Technologies LP increased its stake in Twilio Inc. (NYSE:TWLO) by 147.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 24,596 shares of the technology company’s stock after buying an additional 14,662 shares during the quarter. Entropy Technologies LP’s holdings in Twilio were worth $1,604,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SouthState Corp increased its position in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after buying an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the 2nd quarter worth approximately $29,000. GAMMA Investing LLC boosted its holdings in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the period. Venturi Wealth Management LLC grew its position in shares of Twilio by 205.4% during the 3rd 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. Finally, Lynx Investment Advisory bought a new position in shares of Twilio in the second quarter worth $45,000. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares of the company’s stock, valued at approximately $11,318,745.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,418 shares of company stock valued at $3,749,556 in the last quarter. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TWLO. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. upped 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. Northland Securities lifted their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Morgan Stanley increased their price target on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Mizuho lifted their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $81.36.

Twilio Stock Performance

Shares of Twilio stock opened at $96.51 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $98.49. The company’s 50 day moving average price is $69.27 and its 200-day moving average price is $62.48.

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.