Palo Alto Wealth Advisors LLC Invests $757,000 in Twilio Inc. (NYSE:TWLO)

Palo Alto Wealth Advisors LLC purchased a new stake in Twilio Inc. (NYSE:TWLO) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 10,729 shares of the technology company’s stock, valued at approximately $757,000. Twilio accounts for about 0.3% of Palo Alto Wealth Advisors LLC’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Affinity Investment Advisors LLC purchased a new position in Twilio during the third quarter worth about $434,000. Wealth Enhancement Advisory Services LLC lifted its position in Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares during the period. Susquehanna Fundamental Investments LLC boosted its holdings in Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after purchasing an additional 31,227 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Twilio during the 3rd quarter worth approximately $2,168,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TWLO. Robert W. Baird raised their price target on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Sanford C. Bernstein boosted their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Northland Securities boosted their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, TD Cowen upped their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and an average target price of $81.36.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the transaction, the chief financial officer now directly owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,468 shares of company stock worth $3,509,830. 4.50% of the stock is currently owned by corporate insiders.

Twilio Stock Down 2.1 %

TWLO stock traded down $2.07 during trading on Thursday, reaching $97.78. The stock had a trading volume of 1,048,158 shares, compared to its average volume of 2,691,736. The firm has a fifty day moving average price of $70.76 and a 200 day moving average price of $62.99. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $15.00 billion, a P/E ratio of -38.86, a PEG ratio of 2.79 and a beta of 1.32. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $101.00.

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.