Oak Harvest Investment Services Buys New Position in Twilio Inc. (NYSE:TWLO)

Oak Harvest Investment Services purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,688 shares of the technology company’s stock, valued at approximately $1,696,000.

Several other large investors have also made changes to their positions in the company. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Twilio during the third quarter worth $46,000. Venturi Wealth Management LLC boosted 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 buying an additional 493 shares during the last quarter. Huntington National Bank grew its holdings in Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after acquiring an additional 532 shares during the period. Finally, Planning Capital Management Corp acquired a new position in shares of Twilio during the 3rd quarter worth about $53,000. Institutional investors own 84.27% of the company’s stock.

Twilio Stock Up 1.6 %

Twilio stock opened at $148.42 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company’s fifty day simple moving average is $112.02 and its 200-day simple moving average is $83.22. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $149.22.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TWLO. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a research note on Tuesday, January 21st. Wells Fargo & Company increased their target price on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Barclays lifted their price target 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. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and raised their price target for the company from $115.00 to $160.00 in a research note on Friday, January 24th. Finally, Monness Crespi & Hardt boosted their target price on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.25.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,015 shares of company stock valued at $2,483,695. Insiders own 4.50% of the company’s stock.

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.