MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Makes New Investment in Twilio Inc. (NYSE:TWLO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of Twilio Inc. (NYSE:TWLO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 60,936 shares of the technology company’s stock, valued at approximately $3,726,000.

Other institutional investors also recently bought and sold shares of the company. SteelPeak Wealth LLC lifted its position in shares of Twilio by 75.5% during the first quarter. SteelPeak Wealth LLC now owns 7,808 shares of the technology company’s stock worth $477,000 after purchasing an additional 3,360 shares in the last quarter. Blue Zone Wealth Advisors LLC lifted its position in shares of Twilio by 9.1% during the first quarter. Blue Zone Wealth Advisors LLC now owns 5,160 shares of the technology company’s stock worth $316,000 after purchasing an additional 432 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Twilio by 29.4% during the first quarter. 180 Wealth Advisors LLC now owns 53,633 shares of the technology company’s stock worth $3,280,000 after purchasing an additional 12,201 shares in the last quarter. TrueMark Investments LLC lifted its position in shares of Twilio by 13.5% during the first quarter. TrueMark Investments LLC now owns 17,400 shares of the technology company’s stock worth $1,064,000 after purchasing an additional 2,067 shares in the last quarter. Finally, Austin Private Wealth LLC lifted its position in shares of Twilio by 43.7% during the first quarter. Austin Private Wealth LLC now owns 4,227 shares of the technology company’s stock worth $258,000 after purchasing an additional 1,285 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on TWLO shares. StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Twilio in a report on Wednesday, April 17th. TD Cowen dropped their target price on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, March 6th. Jefferies Financial Group dropped their target price on shares of Twilio from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Finally, Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Twilio currently has a consensus rating of “Hold” and a consensus price target of $69.48.

Insider Buying and Selling

In related news, insider Dana Wagner sold 841 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total value of $51,662.63. Following the transaction, the insider now owns 166,773 shares in the company, valued at $10,244,865.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Aidan Viggiano sold 956 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the sale, the chief financial officer now owns 228,506 shares in the company, valued at $14,096,535.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 841 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $61.43, for a total transaction of $51,662.63. Following the completion of the sale, the insider now owns 166,773 shares in the company, valued at approximately $10,244,865.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,625 shares of company stock worth $1,770,359. Insiders own 4.50% of the company’s stock.

Twilio Stock Up 0.8 %

Shares of NYSE TWLO traded up $0.47 during mid-day trading on Tuesday, reaching $57.22. The company had a trading volume of 1,424,303 shares, compared to its average volume of 3,022,417. The stock has a fifty day moving average of $58.45 and a two-hundred day moving average of $63.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of -14.27, a PEG ratio of 9.59 and a beta of 1.35. Twilio Inc. has a 12-month low of $49.86 and a 12-month high of $78.16.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. As a group, equities research analysts expect that Twilio Inc. will post 0.18 EPS for the current year.

Twilio 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.