Swedbank AB Sells 45,845 Shares of Twilio Inc. (NYSE:TWLO)

Swedbank AB lessened its holdings in shares of Twilio Inc. (NYSE:TWLO) by 44.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,254 shares of the technology company’s stock after selling 45,845 shares during the period. Swedbank AB’s holdings in Twilio were worth $3,669,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Cerity Partners LLC lifted its holdings in shares of Twilio by 41.0% during the 3rd quarter. Cerity Partners LLC now owns 65,168 shares of the technology company’s stock valued at $4,250,000 after purchasing an additional 18,960 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Twilio by 11.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 14,585 shares of the technology company’s stock valued at $951,000 after purchasing an additional 1,538 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Twilio during the 3rd quarter valued at about $758,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Twilio during the 3rd quarter valued at about $280,000. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. UBS Group lifted their target price on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Mizuho lifted their target price on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Finally, Tigress Financial lifted their target price on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Twilio has an average rating of “Hold” and a consensus target price of $85.87.

Twilio Stock Down 1.4 %

TWLO stock opened at $102.91 on Thursday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $15.78 billion, a PE ratio of -40.04, a PEG ratio of 3.05 and a beta of 1.32. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $108.44. The business’s 50 day simple moving average is $78.96 and its 200 day simple moving average is $65.74.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,701 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $435,766.03. Following the completion of the sale, the chief financial officer now owns 177,869 shares of the company’s stock, valued at $11,566,821.07. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock worth $3,354,771 in the last ninety days. 4.50% of the stock is owned by company insiders.

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.