Hedeker Wealth LLC Invests $1.61 Million in Twilio Inc. (NYSE:TWLO)

Hedeker Wealth LLC bought a new position in Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,856 shares of the technology company’s stock, valued at approximately $1,606,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in Twilio in the second quarter valued at approximately $918,000. SG Americas Securities LLC purchased a new position in Twilio in the third quarter valued at approximately $1,274,000. Atomi Financial Group Inc. lifted its stake in Twilio by 25.4% in the third quarter. Atomi Financial Group Inc. now owns 5,496 shares of the technology company’s stock valued at $358,000 after purchasing an additional 1,113 shares during the last quarter. CWM LLC lifted its stake in Twilio by 45.0% in the third quarter. CWM LLC now owns 20,569 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 6,387 shares during the last quarter. Finally, Tobam lifted its stake in Twilio by 243.6% in the third quarter. Tobam now owns 21,645 shares of the technology company’s stock valued at $1,412,000 after purchasing an additional 15,346 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % 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 valued at $2,483,695 over the last 90 days. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TWLO has been the topic of several research analyst reports. Barclays upped their price objective on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $142.00 target price (up previously from $94.00) on shares of Twilio in a research report on Friday, January 24th. Morgan Stanley increased their target price on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $115.00 to $160.00 in a research report on Friday, January 24th. Finally, Oppenheimer increased their target price on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Stock Performance

TWLO opened at $147.22 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $151.95. The business’s fifty day simple moving average is $116.32 and its 200 day simple moving average is $86.30.

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.