Hedeker Wealth LLC Invests $1.61 Million in Twilio Inc. (NYSE:TWLO)

Hedeker Wealth LLC bought a new position in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,856 shares of the technology company’s stock, valued at approximately $1,606,000.

A number of other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in shares of Twilio by 10.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock worth $120,000 after purchasing an additional 104 shares during the period. Bleakley Financial Group LLC purchased a new stake in shares of Twilio during the fourth quarter worth about $230,000. Choreo LLC boosted its holdings in shares of Twilio by 15.4% during the fourth quarter. Choreo LLC now owns 16,447 shares of the technology company’s stock worth $1,786,000 after purchasing an additional 2,190 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of Twilio during the fourth quarter worth about $1,357,000. Finally, Yousif Capital Management LLC purchased a new stake in Twilio in the fourth quarter worth about $233,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TWLO has been the subject of several research analyst reports. Northland Securities raised their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Monness Crespi & Hardt raised their price objective on shares of Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Scotiabank raised their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Twilio presently has an average rating of “Moderate Buy” and a consensus price target of $119.25.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,015 shares of company stock valued at $2,483,695. Company insiders own 4.50% of the company’s stock.

Twilio Trading Up 0.1 %

NYSE:TWLO opened at $147.22 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a 50 day simple moving average of $116.32 and a two-hundred day simple moving average of $86.30.

Twilio Profile

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.