Twilio Inc. (NYSE:TWLO) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Twilio Inc. (NYSE:TWLO) by 98.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,200 shares of the technology company’s stock after acquiring an additional 95,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Twilio were worth $12,601,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SouthState Corp increased its position in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio in the second quarter worth $29,000. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 264 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of Twilio in the second quarter worth $45,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Twilio in the third quarter worth $46,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TWLO shares. Robert W. Baird raised their price target on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Tigress Financial raised their price target on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho raised their price target on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target for the company in a report on Friday, November 15th. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Two investment 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. According to data from MarketBeat, Twilio currently has a consensus rating of “Hold” and a consensus target price of $85.87.

Twilio Trading Down 1.4 %

TWLO stock opened at $102.91 on Friday. 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 Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $108.44. The firm’s 50-day simple moving average is $79.76 and its 200 day simple moving average is $66.00.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,701 shares of the stock in a transaction dated Monday, September 30th. The shares were 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 of the company’s stock, valued at $11,566,821.07. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction 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 approximately $18,087,054.02. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,946 shares of company stock valued at $3,354,771 in the last quarter. Company insiders own 4.50% of the company’s stock.

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.