Twilio Inc. (NYSE:TWLO) Shares Sold by Synovus Financial Corp

Synovus Financial Corp decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 19.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,058 shares of the technology company’s stock after selling 991 shares during the quarter. Synovus Financial Corp’s holdings in Twilio were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TWLO. Tidal Investments LLC lifted its holdings in Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after buying an additional 112 shares in the last quarter. Covestor Ltd boosted its holdings in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares during the last quarter. Metis Global Partners LLC grew its stake in Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after purchasing an additional 182 shares in the last quarter. Arizona State Retirement System increased its holdings in Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 205 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after purchasing an additional 217 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 54,575 shares of company stock valued at $3,863,961. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TWLO. Piper Sandler lifted their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Oppenheimer upped their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. TD Cowen lifted their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus lifted their target price on Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.35.

Twilio Stock Performance

Shares of TWLO opened at $105.46 on Thursday. The firm has a market capitalization of $16.18 billion, a PE ratio of -41.04, a P/E/G ratio of 3.26 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $92.20 and a 200 day moving average price of $70.92. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $116.43.

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.