UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 20,729 Shares of Twilio Inc. (NYSE:TWLO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Twilio Inc. (NYSE:TWLO) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,271,226 shares of the technology company’s stock after selling 20,729 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Twilio were worth $82,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TWLO. AQR Capital Management LLC grew its position in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after acquiring an additional 630,627 shares during the last quarter. Panagora Asset Management Inc. increased its position in Twilio by 286.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares during the period. Pacer Advisors Inc. raised its holdings in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TWLO shares. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Robert W. Baird boosted their price objective on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Jefferies Financial Group raised their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Barclays boosted their price target on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.87.

Twilio Price Performance

Shares of NYSE:TWLO opened at $105.12 on Tuesday. 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 stock has a market cap 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. The stock’s fifty day simple moving average is $81.43 and its two-hundred day simple moving average is $66.67. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $108.44.

Insider Activity

In other news, insider Dana Wagner sold 4,174 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.02, for a total value of $271,393.48. Following the completion of the transaction, the insider now directly owns 152,563 shares of the company’s stock, valued at $9,919,646.26. This represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $435,766.03. Following the sale, the chief financial officer now owns 177,869 shares in the company, valued at $11,566,821.07. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,946 shares of company stock worth $3,354,771 over the last quarter. Insiders own 4.50% of the company’s stock.

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.