CIBC Asset Management Inc Has $419,000 Stock Position in Twilio Inc. (NYSE:TWLO)

CIBC Asset Management Inc increased its position in Twilio Inc. (NYSE:TWLO) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,421 shares of the technology company’s stock after buying an additional 325 shares during the period. CIBC Asset Management Inc’s holdings in Twilio were worth $419,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TWLO. AQR Capital Management LLC boosted its holdings in Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares during the last quarter. Kodai Capital Management LP grew its holdings in shares of Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after acquiring an additional 761,356 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after acquiring an additional 630,627 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Twilio by 286.3% during the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after acquiring an additional 531,075 shares during the period. Finally, Goldentree Asset Management LP bought a new stake in Twilio during the first quarter worth $31,745,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Dana Wagner sold 1,248 shares of Twilio stock in a transaction on Thursday, October 3rd. The shares were 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 trade represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TWLO. UBS Group boosted their target price on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird upped their price objective on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Mizuho raised their target price on Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Sanford C. Bernstein upped their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Finally, Northland Securities lifted 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $83.70.

Twilio Stock Performance

NYSE:TWLO opened at $101.95 on Friday. The company has a market cap of $15.64 billion, a P/E ratio of -39.67, a P/E/G ratio of 2.78 and a beta of 1.32. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $102.49. The company’s 50-day moving average price is $75.42 and its 200-day moving average price is $64.51. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

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.