Brighton Jones LLC Grows Holdings in Twilio Inc. (NYSE:TWLO)

Brighton Jones LLC increased its stake in Twilio Inc. (NYSE:TWLO) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,051 shares of the technology company’s stock after buying an additional 623 shares during the period. Brighton Jones LLC’s holdings in Twilio were worth $1,086,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC grew its stake in Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares during the last quarter. Geode Capital Management LLC raised its stake in Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after acquiring an additional 33,824 shares during the last quarter. AQR Capital Management LLC lifted its position in Twilio by 736.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Performance

NYSE TWLO opened at $135.98 on Friday. 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 stock’s 50 day simple moving average is $109.20 and its 200-day simple moving average is $81.22. The company has a market cap of $20.86 billion, a PE ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $141.40.

Analyst Ratings Changes

A number of equities research analysts recently commented on TWLO shares. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a report on Friday, November 15th. The Goldman Sachs Group upped their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays boosted their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price target (up from $94.00) on shares of Twilio in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Twilio presently has an average rating of “Moderate Buy” and a consensus price target of $110.96.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is owned by insiders.

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.