Rockefeller Capital Management L.P. Has $704,000 Stake in Twilio Inc. (NYSE:TWLO)

Rockefeller Capital Management L.P. cut its position in shares of Twilio Inc. (NYSE:TWLO) by 2.3% during the third quarter, HoldingsChannel.com reports. The firm owned 10,798 shares of the technology company’s stock after selling 255 shares during the period. Rockefeller Capital Management L.P.’s holdings in Twilio were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TWLO. Martingale Asset Management L P raised its holdings in shares of Twilio by 199.1% in the 3rd quarter. Martingale Asset Management L P now owns 41,573 shares of the technology company’s stock worth $2,711,000 after buying an additional 27,673 shares in the last quarter. Vinva Investment Management Ltd lifted its holdings in shares of Twilio by 302.5% during the third quarter. Vinva Investment Management Ltd now owns 139,929 shares of the technology company’s stock valued at $9,215,000 after acquiring an additional 105,161 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Twilio by 2.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,919 shares of the technology company’s stock valued at $4,038,000 after purchasing an additional 1,317 shares in the last quarter. BNP Paribas grew its holdings in shares of Twilio by 82.0% in the 3rd quarter. BNP Paribas now owns 15,110 shares of the technology company’s stock worth $980,000 after purchasing an additional 6,810 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Twilio by 98.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 193,200 shares of the technology company’s stock worth $12,601,000 after purchasing an additional 95,800 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $120.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Barclays lifted their price objective on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Sanford C. Bernstein raised their target price on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Finally, UBS Group upped their price target on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus price target of $85.87.

Twilio Stock Performance

Shares of NYSE:TWLO opened at $110.20 on Tuesday. The company has a market capitalization of $16.90 billion, a price-to-earnings ratio of -42.88, a P/E/G ratio of 3.28 and a beta of 1.38. The firm’s 50 day simple moving average is $86.06 and its 200 day simple moving average is $68.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $113.90.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,575 shares of company stock worth $3,863,961. Company insiders own 4.50% of the company’s stock.

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.