Centiva Capital LP Grows Stake in Twilio Inc. (NYSE:TWLO)

Centiva Capital LP grew its position in shares of Twilio Inc. (NYSE:TWLO) by 11.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,912 shares of the technology company’s stock after purchasing an additional 3,973 shares during the period. Centiva Capital LP’s holdings in Twilio were worth $2,473,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Covestor Ltd grew its position in shares of Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. Tidal Investments LLC grew its position in Twilio by 2.3% in the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares in the last quarter. Metis Global Partners LLC grew its position in Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after acquiring an additional 182 shares in the last quarter. Arizona State Retirement System grew its position in Twilio by 0.4% in the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after acquiring an additional 205 shares in the last quarter. Finally, US Bancorp DE grew its position in Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after acquiring an additional 217 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the company’s 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 in the company, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 1,248 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total transaction of $81,793.92. Following the completion of the sale, the insider now owns 151,315 shares in the company, valued at approximately $9,917,185.10. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,946 shares of company stock worth $3,354,771. 4.50% of the stock is currently owned by company insiders.

Twilio Price Performance

TWLO stock opened at $105.12 on Tuesday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $108.44. The firm has a 50-day moving average of $81.43 and a 200 day moving average of $66.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Analysts Set New Price Targets

TWLO has been the subject of several research reports. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Sanford C. Bernstein upped 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. Robert W. Baird upped their target price on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. TD Cowen boosted their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.87.

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.