Glenmede Trust Co. NA Buys 15,519 Shares of Twilio Inc. (NYSE:TWLO)

Glenmede Trust Co. NA increased its position in Twilio Inc. (NYSE:TWLO) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 669,938 shares of the technology company’s stock after acquiring an additional 15,519 shares during the quarter. Glenmede Trust Co. NA owned about 0.44% of Twilio worth $43,693,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV increased its stake in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares in the last quarter. Affinity Investment Advisors LLC bought a new position in shares of Twilio in the third quarter worth approximately $434,000. Los Angeles Capital Management LLC purchased a new stake in Twilio in the third quarter valued at approximately $2,168,000. Finally, Palo Alto Wealth Advisors LLC bought a new stake in Twilio during the third quarter valued at approximately $757,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

TWLO opened at $104.47 on Wednesday. Twilio Inc. has a one year low of $52.51 and a one year high of $108.44. The business has a 50 day simple moving average of $78.11 and a two-hundred day simple moving average of $65.48. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TWLO. Barclays increased their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. UBS Group raised their price target on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Northland Securities upped their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Wells Fargo & Company upgraded Twilio from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $120.00 in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group boosted their target price on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Twilio currently has an average rating of “Hold” and an average target price of $83.70.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now directly owns 177,869 shares in the company, valued at approximately $11,566,821.07. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,946 shares of company stock worth $3,354,771 over the last quarter. Corporate insiders own 4.50% of the company’s stock.

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.