Alpha Cubed Investments LLC Acquires New Position in Twilio Inc. (NYSE:TWLO)

Alpha Cubed Investments LLC bought a new position in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,970 shares of the technology company’s stock, valued at approximately $1,186,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV increased its stake in shares of Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Zacks Investment Management acquired a new position in Twilio during the third quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC raised its stake in 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 during the period. Affinity Investment Advisors LLC acquired a new position in shares of Twilio in the 3rd quarter valued at $434,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Twilio during the 3rd quarter worth $2,168,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Down 2.3 %

TWLO opened at $111.98 on Tuesday. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $117.92. The business has a 50 day moving average price of $107.13 and a two-hundred day moving average price of $79.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,527 shares of company stock valued at $2,844,655. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TWLO shares. Northland Securities raised 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. UBS Group boosted their price objective on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Piper Sandler upped their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird upped their target price on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $93.74.

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.