Palo Alto Wealth Advisors LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Palo Alto Wealth Advisors LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,729 shares of the technology company’s stock, valued at approximately $757,000. Twilio makes up approximately 0.3% of Palo Alto Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SouthState Corp increased its holdings in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Twilio during the second quarter worth $29,000. GAMMA Investing LLC raised its holdings in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares during the period. Finally, Huntington National Bank boosted its holdings in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after purchasing an additional 532 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of NYSE TWLO traded down $2.07 during mid-day trading on Thursday, reaching $97.78. The company’s stock had a trading volume of 1,048,158 shares, compared to its average volume of 2,691,736. The stock has a market capitalization of $15.00 billion, a P/E ratio of -38.86, a P/E/G ratio of 2.79 and a beta of 1.32. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $101.00. The stock has a 50-day moving average of $70.76 and a two-hundred day moving average of $62.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of recent research reports. Mizuho upped their target price on Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Tigress Financial raised their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Needham & Company LLC boosted their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Barclays raised their price target on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Twilio has a consensus rating of “Hold” and an average target price of $81.36.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,468 shares of company stock worth $3,509,830. 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.