Twilio Inc. (NYSE:TWLO) Shares Sold by Diversified Trust Co

Diversified Trust Co lessened its stake in shares of Twilio Inc. (NYSE:TWLO) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,088 shares of the technology company’s stock after selling 2,663 shares during the period. Diversified Trust Co’s holdings in Twilio were worth $1,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of Twilio by 21.0% in the second quarter. Victory Capital Management Inc. now owns 27,431 shares of the technology company’s stock valued at $1,558,000 after acquiring an additional 4,753 shares in the last quarter. Arizona State Retirement System lifted its holdings in Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after purchasing an additional 205 shares in the last quarter. Private Advisor Group LLC boosted its stake in Twilio by 8.7% during the 2nd quarter. Private Advisor Group LLC now owns 38,105 shares of the technology company’s stock worth $2,165,000 after purchasing an additional 3,040 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of Twilio during the second quarter worth $1,316,000. Finally, Acadian Asset Management LLC raised its position in shares of Twilio by 543.2% in the second quarter. Acadian Asset Management LLC now owns 43,554 shares of the technology company’s stock valued at $2,470,000 after buying an additional 36,783 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Down 2.9 %

Shares of NYSE:TWLO opened at $109.74 on Wednesday. The firm has a market capitalization of $16.83 billion, a PE ratio of -42.70, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $116.43. 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 firm’s 50-day moving average is $103.17 and its two-hundred day moving average is $76.36.

Analysts Set New Price Targets

TWLO has been the subject of several research reports. Tigress Financial upped their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. TD Cowen increased their price target on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price objective on Twilio from $77.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. UBS Group raised their target price on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price target on shares of Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 2nd. 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, Twilio has an average rating of “Hold” and an average target price of $91.22.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.50% of the stock is owned by insiders.

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.