B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 11,616 Twilio Inc. (NYSE:TWLO)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Twilio Inc. (NYSE:TWLO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,616 shares of the technology company’s stock, valued at approximately $758,000.

Several other institutional investors have also modified their holdings of TWLO. Banque Cantonale Vaudoise bought a new position in Twilio in the third quarter valued at approximately $280,000. Caprock Group LLC lifted its position in Twilio by 152.2% in the 3rd quarter. Caprock Group LLC now owns 11,038 shares of the technology company’s stock valued at $720,000 after acquiring an additional 6,661 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Twilio in the 3rd quarter worth $253,000. CIBC Asset Management Inc increased its holdings in Twilio by 5.3% during the 3rd quarter. CIBC Asset Management Inc now owns 6,421 shares of the technology company’s stock worth $419,000 after purchasing an additional 325 shares in the last quarter. Finally, Palo Alto Wealth Advisors LLC bought a new stake in shares of Twilio in the third quarter valued at about $757,000. Institutional investors own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The stock was 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 directly owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,946 shares of company stock valued at $3,354,771. 4.50% of the stock is currently owned by corporate insiders.

Twilio Stock Performance

Shares of TWLO stock opened at $104.35 on Friday. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of -40.60, a PEG ratio of 2.95 and a beta of 1.32. The company has a 50-day simple moving average of $76.32 and a 200 day simple moving average of $64.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 52 week low of $52.51 and a 52 week high of $104.74.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TWLO. Sanford C. Bernstein increased their price objective on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $120.00 in a report on Tuesday, November 12th. Barclays increased their target price on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. UBS Group lifted their price target on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Northland Securities increased their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.70.

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.