Metis Global Partners LLC Increases Position in Twilio Inc. (NYSE:TWLO)

Metis Global Partners LLC grew its holdings in shares of Twilio Inc. (NYSE:TWLO) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,324 shares of the technology company’s stock after purchasing an additional 182 shares during the period. Metis Global Partners LLC’s holdings in Twilio were worth $478,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Covestor Ltd lifted its stake in shares of Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after buying an additional 148 shares in the last quarter. Tidal Investments LLC raised its holdings in Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares during the last quarter. Arizona State Retirement System lifted its position in Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after acquiring an additional 205 shares in the last quarter. US Bancorp DE boosted its stake in Twilio by 4.7% during the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after purchasing an additional 217 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Twilio by 0.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after purchasing an additional 220 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TWLO. Needham & Company LLC increased their price objective on Twilio from $71.00 to $91.00 and gave the company a “buy” 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 stock an “equal weight” rating in a report on Friday, November 1st. Wells Fargo & Company raised Twilio from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $120.00 in a report on Tuesday, November 12th. Tigress Financial raised their price objective on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Piper Sandler lifted their price objective on Twilio from $83.00 to $94.00 and gave the company an “overweight” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio has an average rating of “Hold” and an average price target of $83.70.

Twilio Stock Performance

NYSE TWLO opened at $96.39 on Tuesday. The stock has a market capitalization of $14.78 billion, a PE ratio of -37.51, a P/E/G ratio of 2.79 and a beta of 1.32. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $101.00. The business has a 50 day simple moving average of $72.99 and a two-hundred day simple moving average of $63.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated 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 approximately $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,537 shares of company stock valued at $3,390,745. 4.50% of the stock is owned by corporate insiders.

About Twilio

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.