Chicago Partners Investment Group LLC Makes New $288,000 Investment in Twilio Inc. (NYSE:TWLO)

Chicago Partners Investment Group LLC acquired a new stake in Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,590 shares of the technology company’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ritholtz Wealth Management purchased a new stake in Twilio in the fourth quarter valued at $344,000. KBC Group NV boosted its stake in shares of Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after buying an additional 9,140 shares during the last quarter. Zacks Investment Management acquired a new stake in Twilio during the third quarter worth about $3,386,000. Wealth Enhancement Advisory Services LLC raised its position in Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after acquiring an additional 9,141 shares in the last quarter. Finally, Affinity Investment Advisors LLC acquired a new position in Twilio in the third quarter valued at approximately $434,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock valued at $2,483,695 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Twilio Price Performance

Twilio stock opened at $145.75 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $114.62 and a 200 day moving average price of $85.26. Twilio Inc. has a 12-month low of $52.51 and a 12-month high of $151.95. The stock has a market cap of $22.35 billion, a P/E ratio of -56.71, a PEG ratio of 3.58 and a beta of 1.42.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, January 24th. Barclays upped their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Mizuho upped their price target on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Oppenheimer raised their price objective on Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Twilio has an average rating of “Moderate Buy” and a consensus target price of $119.25.

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.