Farther Finance Advisors LLC Has $36,000 Stock Holdings in Twilio Inc. (NYSE:TWLO)

Farther Finance Advisors LLC trimmed its stake in shares of Twilio Inc. (NYSE:TWLO) by 76.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 546 shares of the technology company’s stock after selling 1,734 shares during the quarter. Farther Finance Advisors LLC’s holdings in Twilio were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP boosted its holdings in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after acquiring an additional 761,356 shares in the last quarter. Panagora Asset Management Inc. grew its position in Twilio by 286.3% during the 2nd 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 last quarter. Goldentree Asset Management LP acquired a new stake in Twilio during the 1st quarter valued at $31,745,000. Finally, Allspring Global Investments Holdings LLC raised its position in Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TWLO has been the topic of several research reports. Piper Sandler upped their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Robert W. Baird increased their price target on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their price objective on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Mizuho increased their price objective on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $81.36.

Twilio Stock Performance

Shares of TWLO opened at $97.13 on Friday. The firm has a market capitalization of $14.90 billion, a P/E ratio of -38.86, a P/E/G ratio of 2.79 and a beta of 1.32. The stock has a 50 day moving average price of $70.76 and a two-hundred day moving average price of $62.99. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $101.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the transaction, the chief financial officer now owns 184,570 shares in the company, valued at $11,382,431.90. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,468 shares of company stock worth $3,509,830. 4.50% of the stock is owned by company insiders.

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.