Forte Capital LLC ADV Trims Stake in Twilio Inc. (NYSE:TWLO)

Forte Capital LLC ADV decreased its position in shares of Twilio Inc. (NYSE:TWLO) by 29.1% during the third quarter, Holdings Channel.com reports. The fund owned 30,225 shares of the technology company’s stock after selling 12,390 shares during the quarter. Forte Capital LLC ADV’s holdings in Twilio were worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake 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 worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP grew 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 acquiring an additional 761,356 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake 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 worth $57,044,000 after buying an additional 630,627 shares during the period. Panagora Asset Management Inc. increased its position in shares of Twilio by 286.3% during the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after acquiring an additional 531,075 shares during the period. Finally, Goldentree Asset Management LP purchased a new position in Twilio during the 1st quarter worth $31,745,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TWLO shares. Wells Fargo & Company boosted their price target on shares of Twilio from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Tigress Financial boosted their price target on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Morgan Stanley increased their price objective on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Oppenheimer lifted their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. 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 report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Twilio currently has a consensus rating of “Hold” and an average target price of $79.55.

Insider Activity

In other Twilio news, insider Dana Wagner sold 1,989 shares of the company’s stock in a transaction dated 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 owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Dana Wagner sold 1,989 shares of the company’s stock in a transaction that occurred 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 approximately $9,548,236.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now owns 186,501 shares of the company’s stock, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,418 shares of company stock valued at $3,749,556 in the last quarter. Insiders own 4.50% of the company’s stock.

Twilio Trading Up 1.8 %

Shares of Twilio stock opened at $90.31 on Thursday. The stock has a 50 day moving average of $67.46 and a 200 day moving average of $61.77. 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 market capitalization of $14.50 billion, a price-to-earnings ratio of -35.14, a PEG ratio of 3.89 and a beta of 1.32. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $91.19.

About Twilio

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.