Huntington National Bank Buys 532 Shares of Twilio Inc. (NYSE:TWLO)

Huntington National Bank raised its stake in shares of Twilio Inc. (NYSE:TWLO) by 214.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 780 shares of the technology company’s stock after acquiring an additional 532 shares during the quarter. Huntington National Bank’s holdings in Twilio were worth $51,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after buying an additional 224,040 shares in the last quarter. Kodai Capital Management LP raised its stake in shares of Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after acquiring an additional 761,356 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after acquiring an additional 311,481 shares in the last quarter. Finally, AQR Capital Management LLC grew 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 last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction dated Thursday, October 31st. The stock was 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 approximately $11,383,280. This represents a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value 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. Insiders have sold a total of 50,537 shares of company stock valued at $3,390,745 over the last 90 days. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TWLO shares. Wells Fargo & Company raised Twilio from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $80.00 to $120.00 in a research note on Tuesday, November 12th. UBS Group increased their price objective on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Finally, Robert W. Baird raised their price target on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $83.70.

Twilio Stock Performance

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

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.