Los Angeles Capital Management LLC Acquires Shares of 33,236 Twilio Inc. (NYSE:TWLO)

Los Angeles Capital Management LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the third quarter, Holdings Channel reports. The fund bought 33,236 shares of the technology company’s stock, valued at approximately $2,168,000.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after buying an additional 140,791 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Twilio by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after purchasing an additional 224,040 shares in the last quarter. Kodai Capital Management LP grew its holdings in shares of Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after purchasing an additional 761,356 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after purchasing an additional 311,481 shares during the period. Finally, AQR Capital Management LLC raised its stake in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the transaction, the insider now owns 156,737 shares in the company, valued at approximately $9,540,581.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dana Wagner sold 591 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 11,044 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the transaction, the chief executive officer now owns 267,090 shares in the company, valued at approximately $17,678,687.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,468 shares of company stock valued at $3,509,830 over the last ninety days. 4.50% of the stock is owned by company insiders.

Twilio Trading Up 3.5 %

NYSE TWLO opened at $99.87 on Thursday. The firm has a market capitalization of $15.32 billion, a PE ratio of -38.86, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32. The business’s 50-day moving average price is $69.98 and its two-hundred day moving average price is $62.73. 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 $100.07.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TWLO. Jefferies Financial Group increased their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Wells Fargo & Company raised Twilio from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $80.00 to $120.00 in a report on Tuesday. Finally, Sanford C. Bernstein boosted their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus price target of $81.36.

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.