Brooklyn Investment Group Invests $46,000 in Twilio Inc. (NYSE:TWLO)

Brooklyn Investment Group acquired a new position in shares of Twilio Inc. (NYSE:TWLO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 709 shares of the technology company’s stock, valued at approximately $46,000.

Other institutional investors have also modified their holdings of the company. SouthState Corp raised its position in Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the 2nd quarter valued at $29,000. GAMMA Investing LLC raised its position in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. Venturi Wealth Management LLC raised its position in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares during the last quarter. Finally, Huntington National Bank raised its position in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after purchasing an additional 532 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the sale, the chief executive officer now directly owns 267,090 shares of the company’s stock, valued at $17,678,687.10. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 1,248 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total transaction of $81,793.92. Following the sale, the insider now directly owns 151,315 shares in the company, valued at $9,917,185.10. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,946 shares of company stock valued at $3,354,771. Insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TWLO. Oppenheimer upped 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. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $120.00 in a research report on Tuesday, November 12th. Sanford C. Bernstein upped their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Needham & Company LLC upped their price objective 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. Finally, JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus price target of $85.87.

Twilio Price Performance

Shares of NYSE TWLO opened at $104.63 on Friday. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of -40.71, a PEG ratio of 2.97 and a beta of 1.32. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $108.44. The company’s 50-day moving average price is $80.59 and its 200 day moving average price is $66.30. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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.