Franklin Resources Inc. Grows Stock Holdings in Twilio Inc. (NYSE:TWLO)

Franklin Resources Inc. grew its holdings in Twilio Inc. (NYSE:TWLO) by 2,412.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 202,010 shares of the technology company’s stock after buying an additional 193,971 shares during the period. Franklin Resources Inc. owned approximately 0.13% of Twilio worth $14,341,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of 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 worth $57,044,000 after purchasing an additional 630,627 shares during the period. Panagora Asset Management Inc. increased its position in shares of 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 last quarter. 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 valued at $187,026,000 after buying an additional 444,295 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 1,248 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total value of $81,793.92. Following the transaction, the insider now directly owns 151,315 shares in the company, valued at approximately $9,917,185.10. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,575 shares of company stock worth $3,863,961 in the last three months. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Northland Securities raised their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Oppenheimer upped their target price on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised Twilio from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $120.00 in a research note on Tuesday, November 12th. Finally, StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $90.35.

Twilio Stock Up 1.8 %

Twilio stock opened at $107.93 on Friday. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $116.43. The business has a fifty day moving average of $93.67 and a two-hundred day moving average of $71.52. The firm has a market cap of $16.55 billion, a P/E ratio of -42.00, a P/E/G ratio of 3.26 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio 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.