Eleva Capital SAS acquired a new stake in Twilio Inc. (NYSE:TWLO – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 10,326 shares of the technology company’s stock, valued at approximately $3,020,000. Twilio makes up 2.5% of Eleva Capital SAS’s portfolio, making the stock its 11th biggest holding.
Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Twilio by 10.8% during the first quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company’s stock worth $410,330,000 after purchasing an additional 316,858 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Twilio by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,331,471 shares of the technology company’s stock valued at $293,237,000 after acquiring an additional 349,131 shares during the period. Atreides Management LP raised its position in shares of Twilio by 28.5% in the 1st quarter. Atreides Management LP now owns 921,602 shares of the technology company’s stock valued at $115,956,000 after acquiring an additional 204,656 shares during the period. KBC Group NV boosted its stake in Twilio by 1.4% during the 1st quarter. KBC Group NV now owns 790,548 shares of the technology company’s stock worth $99,466,000 after acquiring an additional 11,014 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Twilio by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 674,977 shares of the technology company’s stock valued at $96,009,000 after purchasing an additional 29,325 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.
Twilio Stock Down 5.2%
Shares of TWLO stock traded down $15.71 during trading hours on Tuesday, hitting $285.20. 1,899,358 shares of the company were exchanged, compared to its average volume of 2,641,495. Twilio Inc. has a 52 week low of $104.50 and a 52 week high of $308.40. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $240.06 and a two-hundred day moving average of $199.22. The company has a market capitalization of $43.80 billion, a PE ratio of 39.65, a PEG ratio of 6.04 and a beta of 1.35.
Wall Street Analyst Weigh In
TWLO has been the subject of several recent analyst reports. HSBC downgraded shares of Twilio from a “hold” rating to a “reduce” rating and set a $211.00 target price for the company. in a research note on Thursday, September 24th. Jefferies Financial Group reissued a “buy” rating and issued a $240.00 price target on shares of Twilio in a report on Friday, August 7th. Stifel Nicolaus set a $275.00 price objective on Twilio in a research note on Friday, August 7th. Needham & Company LLC lifted their target price on Twilio from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Oppenheimer boosted their target price on Twilio from $235.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.39.
View Our Latest Analysis on TWLO
Insider Activity
In other news, Director Andrew Stafman sold 500,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $247.08, for a total transaction of $123,540,000.00. Following the completion of the transaction, the director directly owned 120,000 shares of the company’s stock, valued at $29,649,600. This represents a 80.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 13,898 shares of the stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $294.08, for a total value of $4,087,123.84. Following the transaction, the chief executive officer owned 193,305 shares of the company’s stock, valued at approximately $56,847,134.40. The trade was a 6.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 524,376 shares of company stock worth $130,630,590 over the last three months. Corporate insiders own 0.21% of the company’s stock.
Twilio Company Profile
Twilio Inc is a communications technology company that provides a cloud-based platform for businesses to engage with customers through digital channels. Its software and application programming interfaces (APIs) support communications capabilities such as voice calling, messaging, video, email, authentication and contact-center interactions.
The company’s offerings include programmable communications services, customer data and engagement tools, and contact-center solutions. Twilio also provides email services through SendGrid and customer data platform capabilities through Segment, which it acquired in 2020.
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