BBR Partners LLC Has $223,000 Stock Holdings in Twilio Inc. (NYSE:TWLO)

BBR Partners LLC decreased its stake in Twilio Inc. (NYSE:TWLO) by 29.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,416 shares of the technology company’s stock after selling 1,404 shares during the quarter. BBR Partners LLC’s holdings in Twilio were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TWLO. SouthState Corp raised its position in Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after buying an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio in the second quarter worth about $29,000. GAMMA Investing LLC increased its holdings in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares during the last quarter. Lynx Investment Advisory bought a new position in shares of Twilio in the 2nd quarter valued at approximately $45,000. Finally, Brooklyn Investment Group acquired a new stake in Twilio in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

Shares of TWLO stock opened at $102.91 on Thursday. 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 $15.78 billion, a price-to-earnings ratio of -40.04, a PEG ratio of 3.05 and a beta of 1.32. The firm’s 50 day moving average is $78.96 and its 200-day moving average is $65.74. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $108.44.

Analysts Set New Price Targets

A number of research analysts have weighed in on TWLO shares. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Wells Fargo & Company raised Twilio from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $80.00 to $120.00 in a research report on Tuesday, November 12th. Piper Sandler raised their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. TD Cowen upped their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, UBS Group raised their price objective on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $85.87.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $18,087,054.02. The trade was a 3.83 % 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 4,174 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the transaction, the insider now owns 152,563 shares in the company, valued at $9,919,646.26. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is currently owned by corporate insiders.

Twilio Company 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.