Van ECK Associates Corp Boosts Stake in Twilio Inc. (NYSE:TWLO)

Van ECK Associates Corp increased its holdings in Twilio Inc. (NYSE:TWLO) by 6.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,949 shares of the technology company’s stock after purchasing an additional 282 shares during the period. Van ECK Associates Corp’s holdings in Twilio were worth $349,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its holdings in shares of Twilio by 56.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,463 shares of the technology company’s stock valued at $1,987,000 after acquiring an additional 10,954 shares during the last quarter. Affinity Investment Advisors LLC purchased a new stake in Twilio in the third quarter worth approximately $434,000. US Bancorp DE grew its position in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after purchasing an additional 217 shares during the period. Financial Advocates Investment Management purchased a new stake in Twilio during the 3rd quarter valued at $232,000. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of Twilio by 40.2% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 1,415 shares of the technology company’s stock worth $92,000 after buying an additional 406 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TWLO. Needham & Company LLC upped 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. Morgan Stanley raised their price objective on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. TD Cowen upped their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Oppenheimer increased their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Mizuho boosted their price objective on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $81.36.

Twilio Stock Up 2.6 %

Shares of TWLO stock opened at $96.51 on Wednesday. The company’s fifty day simple moving average is $69.27 and its two-hundred day simple moving average is $62.48. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $98.49. The stock has a market cap of $14.80 billion, a P/E ratio of -37.55, a PEG ratio of 2.67 and a beta of 1.32. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 11,044 shares of Twilio stock in a transaction on Thursday, October 3rd. The stock was 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 directly owns 267,090 shares of the company’s stock, valued at $17,678,687.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,418 shares of company stock worth $3,749,556. Corporate insiders own 4.50% of the company’s stock.

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.