Victory Capital Management Inc. Purchases 11,472 Shares of Twilio Inc. (NYSE:TWLO)

Victory Capital Management Inc. grew its position in Twilio Inc. (NYSE:TWLO) by 41.8% in the third quarter, HoldingsChannel.com reports. The firm owned 38,903 shares of the technology company’s stock after acquiring an additional 11,472 shares during the period. Victory Capital Management Inc.’s holdings in Twilio were worth $2,537,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TWLO. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 224,040 shares during the last quarter. Kodai Capital Management LP boosted its position in shares of Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after acquiring an additional 761,356 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Twilio by 30.4% during 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 acquiring an additional 311,481 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Twilio by 736.9% during the second 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. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after acquiring an additional 630,627 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred 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 directly owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,682 shares of Twilio stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total transaction of $437,938.28. Following the completion of the sale, the chief financial officer now directly owns 171,187 shares in the company, valued at $11,219,595.98. This represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is owned by insiders.

Twilio Stock Performance

TWLO opened at $104.35 on Friday. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $104.74. 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 capitalization of $16.01 billion, a PE ratio of -40.60, a P/E/G ratio of 2.95 and a beta of 1.32. The firm has a 50 day moving average of $76.32 and a two-hundred day moving average of $64.80.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. The Goldman Sachs Group upped their price target on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Oppenheimer upped their price target on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. UBS Group upped their price target on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Tigress Financial upped their price target on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Twilio 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.