Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Twilio Inc. (NYSE:TWLO)

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Twilio Inc. (NYSE:TWLO) by 98.4% during the 3rd quarter, according to the company in its most recent 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 quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.13% of Twilio worth $12,601,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TWLO. Glenmede Trust Co. NA lifted its stake in Twilio by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 669,938 shares of the technology company’s stock valued at $43,693,000 after buying an additional 15,519 shares in the last quarter. Townsquare Capital LLC raised its holdings in Twilio by 31.2% in the 3rd quarter. Townsquare Capital LLC now owns 4,970 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,183 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Twilio in the 3rd quarter valued at about $46,000. FMR LLC raised its holdings in Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after acquiring an additional 77,436 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd acquired a new stake in Twilio in the 3rd quarter valued at about $448,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,512 shares of the company’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 transaction, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,946 shares of company stock valued at $3,354,771. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Down 1.4 %

Shares of Twilio stock opened at $102.91 on Friday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $108.44. 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’s 50-day simple moving average is $79.76 and its 200-day simple moving average is $66.00.

Analysts Set New Price Targets

TWLO has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Barclays lifted their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. TD Cowen raised their price target on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research 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 objective for the company in a research report on Friday, November 15th. Finally, Oppenheimer boosted their price target on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two 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.com, Twilio presently has a consensus rating of “Hold” and an average price target of $85.87.

Twilio 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.