Azzad Asset Management Inc. ADV Raises Stake in Twilio Inc. $TWLO

Azzad Asset Management Inc. ADV increased its stake in shares of Twilio Inc. (NYSE:TWLO) by 65.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,883 shares of the technology company’s stock after buying an additional 6,285 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Twilio were worth $1,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 623 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Twilio in the second quarter valued at approximately $251,000. Clear Creek Financial Management LLC bought a new position in Twilio during the second quarter valued at $242,000. Vontobel Holding Ltd. grew its holdings in Twilio by 23.6% during the second quarter. Vontobel Holding Ltd. now owns 16,106 shares of the technology company’s stock valued at $2,003,000 after purchasing an additional 3,071 shares during the period. Finally, US Bancorp DE increased its position in Twilio by 22.0% in the second quarter. US Bancorp DE now owns 7,686 shares of the technology company’s stock worth $956,000 after buying an additional 1,388 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and set a $170.00 price target on shares of Twilio in a research report on Monday, January 5th. Wells Fargo & Company lifted their price objective on Twilio from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Royal Bank Of Canada upped their price objective on shares of Twilio from $75.00 to $100.00 and gave the company an “underperform” rating in a report on Monday, January 5th. Stifel Nicolaus increased their target price on shares of Twilio from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $150.00 target price on shares of Twilio in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $146.44.

Twilio Trading Up 5.6%

Shares of TWLO opened at $115.12 on Monday. Twilio Inc. has a twelve month low of $77.51 and a twelve month high of $148.31. The stock has a market cap of $17.66 billion, a PE ratio of 280.78, a P/E/G ratio of 2.25 and a beta of 1.32. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $130.79 and its 200-day moving average price is $119.41.

Insider Activity at Twilio

In other news, Director Andrew Stafman sold 1,000,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $129.00, for a total transaction of $129,000,000.00. Following the completion of the transaction, the director directly owned 2,295,000 shares in the company, valued at $296,055,000. The trade was a 30.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 8,109 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $143.38, for a total transaction of $1,162,668.42. Following the completion of the transaction, the chief financial officer directly owned 119,449 shares in the company, valued at approximately $17,126,597.62. The trade was a 6.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,043,438 shares of company stock valued at $135,022,770. Corporate insiders own 4.50% of the company’s stock.

About Twilio

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.