Engineers Gate Manager LP lowered its holdings in shares of Twilio Inc (NYSE:TWLO) by 51.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,493 shares of the technology company’s stock after selling 16,682 shares during the period. Engineers Gate Manager LP’s holdings in Twilio were worth $366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Twilio by 53.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,287 shares of the technology company’s stock valued at $678,000 after purchasing an additional 8,145 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Twilio by 37.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,367,745 shares of the technology company’s stock valued at $40,827,000 after purchasing an additional 371,055 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Twilio in the 3rd quarter valued at $436,000. Vanguard Group Inc. boosted its stake in shares of Twilio by 21.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,212,606 shares of the technology company’s stock valued at $122,629,000 after purchasing an additional 734,659 shares in the last quarter. Finally, Hillman Co. boosted its stake in shares of Twilio by 0.7% in the 4th quarter. Hillman Co. now owns 954,242 shares of the technology company’s stock valued at $22,520,000 after purchasing an additional 6,580 shares in the last quarter. Hedge funds and other institutional investors own 59.99% of the company’s stock.

Several equities research analysts have recently commented on TWLO shares. BidaskClub downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Robert W. Baird restated a “buy” rating and issued a $37.00 target price on shares of Twilio in a research note on Friday, November 10th. Northland Securities set a $36.00 price target on Twilio and gave the company a “buy” rating in a report on Monday, November 13th. Zacks Investment Research cut Twilio from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $47.00 price target on shares of Twilio in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Twilio currently has an average rating of “Buy” and a consensus target price of $36.75.

In other Twilio news, General Counsel Karyn Smith sold 4,213 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $25.54, for a total transaction of $107,600.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Lee Kirkpatrick sold 7,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $25.89, for a total value of $181,230.00. The disclosure for this sale can be found here. Insiders sold 33,222 shares of company stock valued at $850,128 over the last ninety days. 25.03% of the stock is currently owned by company insiders.

Twilio Inc (NYSE:TWLO) opened at $30.72 on Thursday. Twilio Inc has a twelve month low of $22.80 and a twelve month high of $34.74. The stock has a market capitalization of $2,860.00 and a PE ratio of -42.08.

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About Twilio

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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