Point72 Asia Singapore Pte. Ltd. Raises Stock Position in Twilio Inc. (NYSE:TWLO)

Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Twilio Inc. (NYSE:TWLO) by 239.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,188 shares of the technology company’s stock after purchasing an additional 7,191 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Twilio were worth $664,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC increased its stake in Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after purchasing an additional 416 shares during the period. SouthState Corp increased its stake in Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio during the second quarter worth about $29,000. GAMMA Investing LLC increased its stake in 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 period. Finally, Brooklyn Investment Group purchased a new stake in Twilio during the third quarter worth about $46,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TWLO has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Northland Securities upped their target price on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, UBS Group upped their target price 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 equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Twilio has a consensus rating of “Hold” and an average price target of $85.87.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction on 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 directly owns 278,134 shares in the company, valued at $18,087,054.02. This trade represents a 3.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dana Wagner sold 4,174 shares of Twilio stock in a transaction 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 approximately $9,919,646.26. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,946 shares of company stock worth $3,354,771. Insiders own 4.50% of the company’s stock.

Twilio Stock Performance

Shares of TWLO opened at $104.54 on Monday. 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 cap of $16.03 billion, a PE ratio of -40.68, a price-to-earnings-growth ratio of 3.02 and a beta of 1.32. The company’s 50 day simple moving average is $80.59 and its 200-day simple moving average is $66.36. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $108.44.

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.