Zurcher Kantonalbank Zurich Cantonalbank Buys 1,317 Shares of Twilio Inc. (NYSE:TWLO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Twilio Inc. (NYSE:TWLO) by 2.2% during the third quarter, Holdings Channel.com reports. The firm owned 61,919 shares of the technology company’s stock after acquiring an additional 1,317 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Twilio were worth $4,038,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms have weighed in on TWLO. Tigress Financial raised their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. TD Cowen lifted their price target on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price objective on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. increased their price target on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $85.87.

Twilio Trading Up 0.6 %

Shares of TWLO stock opened at $105.12 on Tuesday. The company has a market capitalization of $16.12 billion, a PE ratio of -40.90, a price-to-earnings-growth ratio of 3.02 and a beta of 1.32. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $108.44. The business’s fifty day moving average is $81.43 and its 200 day moving average is $66.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 4,174 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the transaction, the insider now directly owns 152,563 shares in the company, 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 90 days, insiders sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is 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.