Venturi Wealth Management LLC Has $48,000 Stock Position in Twilio Inc. (NYSE:TWLO)

Venturi Wealth Management LLC raised its stake in Twilio Inc. (NYSE:TWLO) by 205.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 733 shares of the technology company’s stock after acquiring an additional 493 shares during the quarter. Venturi Wealth Management LLC’s holdings in Twilio were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC raised its position in Twilio by 17.3% in the 1st quarter. Empowered Funds LLC now owns 7,526 shares of the technology company’s stock worth $460,000 after purchasing an additional 1,108 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Twilio by 2.2% during the first quarter. Sei Investments Co. now owns 17,842 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 378 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Twilio by 59.7% in the first quarter. Avantax Advisory Services Inc. now owns 13,550 shares of the technology company’s stock valued at $829,000 after acquiring an additional 5,063 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Twilio by 9.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock worth $14,051,000 after purchasing an additional 17,856 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Twilio by 21.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,684 shares of the technology company’s stock worth $5,484,000 after purchasing an additional 15,836 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Twilio Trading Down 0.6 %

Shares of NYSE:TWLO opened at $96.54 on Friday. The company’s 50-day moving average price is $71.47 and its two-hundred day moving average price is $63.23. Twilio Inc. has a one year low of $52.51 and a one year high of $101.00. 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 has a market capitalization of $14.81 billion, a PE ratio of -37.56, a price-to-earnings-growth ratio of 2.89 and a beta of 1.32.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s 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 sale, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the sale, the chief financial officer now owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,468 shares of company stock worth $3,509,830. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. TD Cowen lifted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Northland Securities increased their price target on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Oppenheimer increased their target price on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.70.

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.