Glenmede Trust Co. NA Acquires 15,519 Shares of Twilio Inc. (NYSE:TWLO)

Glenmede Trust Co. NA boosted its stake in shares of Twilio Inc. (NYSE:TWLO) by 2.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 669,938 shares of the technology company’s stock after buying an additional 15,519 shares during the quarter. Glenmede Trust Co. NA’s holdings in Twilio were worth $43,693,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in TWLO. Covestor Ltd increased its holdings in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after acquiring an additional 148 shares in the last quarter. Tidal Investments LLC lifted its stake in Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares in the last quarter. Metis Global Partners LLC boosted its position in Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after buying an additional 182 shares during the period. Arizona State Retirement System increased its stake in shares of Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after buying an additional 205 shares during the period. Finally, US Bancorp DE increased its holdings in Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after buying an additional 217 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Stock Down 0.9 %

Shares of Twilio stock opened at $104.47 on Wednesday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $108.44. 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 business has a 50-day moving average of $78.11 and a two-hundred day moving average of $65.48.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 6,701 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the transaction, the chief financial officer now owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This trade represents a 3.63 % 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 hyperlink. Also, insider Dana Wagner sold 4,174 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.02, for a total transaction of $271,393.48. Following the transaction, the insider now owns 152,563 shares of the company’s stock, valued at approximately $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. Over 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.

Wall Street Analyst Weigh In

TWLO has been the subject of a number of recent research reports. Robert W. Baird increased their price target on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Friday, November 15th. Jefferies Financial Group lifted their price objective on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Piper Sandler raised their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $83.70.

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.