Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zullo Investment Group Inc. raised its stake in Twilio by 263.6% in the third quarter. Zullo Investment Group Inc. now owns 400 shares of the technology company’s stock valued at $28,000 after purchasing an additional 290 shares in the last quarter. Activest Wealth Management grew its stake in shares of Twilio by 125.0% during the 3rd quarter. Activest Wealth Management now owns 450 shares of the technology company’s stock valued at $31,000 after purchasing an additional 250 shares during the period. Covestor Ltd grew its stake in shares of Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after acquiring an additional 172 shares during the period. Sentry Investment Management LLC bought a new position in Twilio in the 3rd quarter worth approximately $36,000. Finally, Heritage Wealth Management LLC bought a new position in Twilio in the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 78.68% of the company’s stock.
Twilio Price Performance
NYSE:TWLO opened at $66.05 on Thursday. Twilio Inc. has a 52 week low of $41.00 and a 52 week high of $196.72. The company has a quick ratio of 5.74, a current ratio of 5.74 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $12.18 billion, a P/E ratio of -9.10 and a beta of 1.39. The stock’s fifty day moving average is $53.47 and its two-hundred day moving average is $62.92.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Twilio from $45.00 to $60.00 in a report on Monday. JMP Securities dropped their price target on Twilio from $175.00 to $110.00 and set a “market outperform” rating on the stock in a research report on Friday, November 4th. Cowen downgraded Twilio from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $100.00 to $65.00 in a research report on Friday, November 4th. Barclays dropped their price objective on Twilio from $90.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Sunday, November 6th. Finally, Bank of America dropped their price objective on Twilio from $85.00 to $70.00 in a research report on Friday, November 4th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $91.19.
Twilio Company Profile
(Get Rating)
Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.
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