DLK Investment Management LLC Invests $254,000 in Twilio Inc. (NYSE:TWLO)

DLK Investment Management LLC acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,350 shares of the technology company’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after acquiring an additional 77,436 shares during the last quarter. Pacer Advisors Inc. lifted its position in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Geode Capital Management LLC lifted its position in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after purchasing an additional 224,040 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after buying an additional 311,481 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TWLO has been the subject of a number of recent research reports. Mizuho upgraded Twilio from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $85.00 to $140.00 in a research note on Wednesday, January 8th. Needham & Company LLC upped their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Tigress Financial raised their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Piper Sandler upped their target price on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, UBS Group raised their price target on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $93.74.

Twilio Price Performance

Shares of TWLO stock opened at $111.98 on Monday. The stock has a 50 day moving average price of $107.13 and a 200 day moving average price of $79.44. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $117.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the 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 transaction, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is currently owned by insiders.

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.