Deutsche Bank AG Grows Stock Position in Twilio Inc. (NYSE:TWLO)

Deutsche Bank AG lifted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 954,136 shares of the technology company's stock after buying an additional 170,936 shares during the period. Deutsche Bank AG owned 0.62% of Twilio worth $103,123,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TWLO. M&T Bank Corp lifted its holdings in shares of Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after acquiring an additional 85 shares during the period. Allworth Financial LP lifted its holdings in Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after purchasing an additional 94 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after purchasing an additional 104 shares during the last quarter. Freestone Capital Holdings LLC lifted its holdings in Twilio by 3.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after purchasing an additional 124 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Twilio by 3.4% during the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,471 shares of company stock worth $2,344,149. 0.21% of the stock is owned by company insiders.

Twilio Trading Down 0.3%

Shares of NYSE:TWLO traded down $0.38 during mid-day trading on Wednesday, hitting $114.16. The company had a trading volume of 2,540,063 shares, compared to its average volume of 2,669,429. The firm has a fifty day moving average price of $95.98 and a 200 day moving average price of $106.85. The company has a market capitalization of $17.42 billion, a PE ratio of -178.38, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. 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 one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. As a group, research analysts forecast that Twilio Inc. will post 1.44 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on TWLO. Morgan Stanley dropped their target price on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird reduced their price target on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Stifel Nicolaus increased their price target on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company dropped their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Scotiabank raised their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.41.

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.