MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $3.20 Million Holdings in Twilio Inc. (NYSE:TWLO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in shares of Twilio Inc. (NYSE:TWLOFree Report) by 45.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 29,482 shares of the technology company’s stock after selling 24,210 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Twilio were worth $3,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TWLO. True Wealth Design LLC grew its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares during the period. Brooklyn Investment Group bought a new position in shares of Twilio in the 3rd quarter worth $46,000. Venturi Wealth Management LLC grew its stake in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares during the period. Huntington National Bank increased its holdings in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after purchasing an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp acquired a new position in Twilio in the third quarter valued at about $53,000. 84.27% of the stock is owned by institutional investors.

Twilio Price Performance

NYSE:TWLO opened at $113.12 on Friday. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $117.92. The company has a market cap of $17.35 billion, a P/E ratio of -44.02, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock’s 50-day simple moving average is $108.09 and its 200 day simple moving average is $80.45.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 142,291 shares in the company, valued at $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock valued at $2,844,655 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

TWLO has been the subject of several analyst reports. Oppenheimer boosted their target price on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC lifted their price target 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. Royal Bank of Canada restated an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a research report on Tuesday. Finally, Piper Sandler lifted their target price on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Twilio presently has a consensus rating of “Hold” and an average target price of $99.26.

Read Our Latest Research Report on TWLO

About Twilio

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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