M&T Bank Corp Buys 1,211 Shares of Twilio Inc. (NYSE:TWLO)

M&T Bank Corp grew its stake in shares of Twilio Inc. (NYSE:TWLO) by 16.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,642 shares of the technology company’s stock after acquiring an additional 1,211 shares during the quarter. M&T Bank Corp’s holdings in Twilio were worth $563,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV raised its holdings in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after buying an additional 9,140 shares during the last quarter. Zacks Investment Management bought a new stake in shares of Twilio during the third quarter valued at approximately $3,386,000. Wealth Enhancement Advisory Services LLC raised its holdings in Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after acquiring an additional 9,141 shares during the last quarter. Affinity Investment Advisors LLC bought a new position in Twilio in the 3rd quarter valued at approximately $434,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Twilio during the 3rd quarter valued at $2,168,000. Institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

NYSE TWLO opened at $109.74 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $116.43. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of -42.70, a PEG ratio of 3.26 and a beta of 1.38. The company’s 50 day moving average is $91.47 and its two-hundred day moving average is $70.68.

Analyst Ratings Changes

Several research firms have recently weighed in on TWLO. Jefferies Financial Group boosted their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. The Goldman Sachs Group lifted their price target on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Tigress Financial increased their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein lifted their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.52.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 1,248 shares of Twilio stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total transaction of $81,793.92. Following the sale, the insider now owns 151,315 shares in the company, valued at approximately $9,917,185.10. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,575 shares of company stock valued at $3,863,961 over the last three months. Corporate insiders own 4.50% of the company’s stock.

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.