Pacer Advisors Inc. Acquires 444,295 Shares of Twilio Inc. (NYSE:TWLO)

Pacer Advisors Inc. grew its holdings in shares of Twilio Inc. (NYSE:TWLO) by 18.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,867,623 shares of the technology company’s stock after buying an additional 444,295 shares during the period. Pacer Advisors Inc.’s holdings in Twilio were worth $187,026,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after buying an additional 224,040 shares during the last quarter. Kodai Capital Management LP raised its position in Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after buying an additional 761,356 shares during the last quarter. Point72 Asset Management L.P. raised its position in Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after buying an additional 311,481 shares during the last quarter. AQR Capital Management LLC raised its position in 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. Finally, Robeco Institutional Asset Management B.V. raised its position in Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Mizuho increased their price target on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Robert W. Baird raised their target price on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC raised their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Piper Sandler raised their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Twilio has a consensus rating of “Hold” and an average price target of $83.70.

Twilio Stock Up 2.2 %

NYSE TWLO opened at $98.45 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $101.00. The stock’s 50 day moving average is $74.57 and its 200 day moving average is $64.25.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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.

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.