Goldentree Asset Management LP Buys 94,645 Shares of Twilio Inc. (NYSE:TWLO)

Goldentree Asset Management LP grew its stake in shares of Twilio Inc. (NYSE:TWLO) by 13.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 798,102 shares of the technology company’s stock after purchasing an additional 94,645 shares during the quarter. Twilio makes up about 4.1% of Goldentree Asset Management LP’s holdings, making the stock its 7th largest position. Goldentree Asset Management LP’s holdings in Twilio were worth $51,935,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. SouthState Corp raised its position in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio during the second quarter worth $29,000. GAMMA Investing LLC lifted its position in shares of Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of Twilio in the 2nd quarter valued at about $45,000. Finally, Brooklyn Investment Group bought a new stake in shares of Twilio during the 3rd quarter valued at about $46,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 6,682 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total value of $437,938.28. Following the transaction, the chief financial officer now directly owns 171,187 shares of the company’s stock, valued at approximately $11,219,595.98. This trade represents a 3.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the sale, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock worth $3,354,771 over the last ninety days. 4.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TWLO. TD Cowen increased their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays raised their target price on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. JMP Securities restated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Morgan Stanley lifted their price objective on shares of Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Mizuho upped their target price on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.87.

Twilio Trading Down 1.4 %

Shares of NYSE TWLO opened at $102.91 on Friday. The business has a 50 day simple moving average of $79.76 and a 200 day simple moving average of $66.00. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $108.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

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.