United Advisor Group LLC Buys New Shares in Twilio Inc. (NYSE:TWLO)

United Advisor Group LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,298 shares of the technology company’s stock, valued at approximately $998,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SouthState Corp increased its stake in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Twilio in the 2nd quarter valued at about $29,000. GAMMA Investing LLC boosted its position in Twilio by 70.6% in 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 last quarter. Lynx Investment Advisory bought a new stake in shares of Twilio during the 2nd quarter worth $45,000. Finally, HHM Wealth Advisors LLC boosted its stake in Twilio by 43.3% in the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. JMP Securities reiterated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. The Goldman Sachs Group lifted 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. TD Cowen increased their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC boosted their target price on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and an average price target of $79.55.

Twilio Price Performance

TWLO stock opened at $87.50 on Tuesday. 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 firm has a 50 day moving average price of $66.33 and a 200-day moving average price of $61.35. Twilio Inc. has a 52-week low of $52.45 and a 52-week high of $88.96. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of -34.05, a PEG ratio of 3.77 and a beta of 1.32.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the completion of the transaction, the insider now owns 157,328 shares of the company’s stock, valued at $9,548,236.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the sale, the chief financial officer now owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 1,989 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares in the company, valued at $9,548,236.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,418 shares of company stock valued at $3,749,556 in the last 90 days. Corporate 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.