Savant Capital LLC Increases Stock Holdings in Twilio Inc. (NYSE:TWLO)

Savant Capital LLC raised its holdings in Twilio Inc. (NYSE:TWLO) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,707 shares of the technology company’s stock after buying an additional 606 shares during the quarter. Savant Capital LLC’s holdings in Twilio were worth $2,995,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of Twilio during the fourth quarter valued at about $294,000. Moloney Securities Asset Management LLC purchased a new stake in Twilio during the 4th quarter worth approximately $860,000. Kingsview Wealth Management LLC acquired a new position in Twilio during the 4th quarter valued at approximately $283,000. Apollon Wealth Management LLC purchased a new position in shares of Twilio in the fourth quarter worth $290,000. Finally, Tandem Financial LLC acquired a new stake in shares of Twilio during the fourth quarter worth $119,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Price Performance

Twilio stock opened at $143.04 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company’s fifty day moving average price is $118.81 and its 200 day moving average price is $88.36. The stock has a market capitalization of $21.94 billion, a P/E ratio of -55.66, a P/E/G ratio of 3.60 and a beta of 1.43. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95.

Insider Activity

In other news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock worth $2,483,695 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on TWLO. JPMorgan Chase & Co. upped their target price on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Piper Sandler restated an “overweight” rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. Northland Securities upped their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Monness Crespi & Hardt increased their price target 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, UBS Group lifted their price objective on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.25.

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.