Citigroup Inc. Lowers Stock Holdings in Twilio Inc. (NYSE:TWLO)

Citigroup Inc. lessened its holdings in Twilio Inc. (NYSE:TWLO) by 13.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 109,508 shares of the technology company’s stock after selling 16,728 shares during the period. Citigroup Inc. owned 0.07% of Twilio worth $7,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TWLO. SouthState Corp raised its stake in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the 2nd quarter worth about $29,000. GAMMA Investing LLC lifted its stake in Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of Twilio during the second quarter valued at approximately $45,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Twilio by 205.4% during the third 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. 84.27% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,946 shares of company stock valued at $3,354,771. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TWLO. Piper Sandler raised their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Oppenheimer upped their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Tigress Financial boosted their price objective on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.87.

Twilio Stock Up 1.6 %

TWLO opened at $104.54 on Friday. The business has a 50 day moving average price of $80.59 and a two-hundred day moving average price of $66.32. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $108.44. The company has a market cap of $16.03 billion, a PE ratio of -40.68, a P/E/G ratio of 2.97 and a beta of 1.32. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio Company 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.