Deutsche Bank AG Has $89.08 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Deutsche Bank AG lessened its position in Twilio Inc. (NYSE:TWLO - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 909,792 shares of the technology company's stock after selling 44,344 shares during the period. Deutsche Bank AG owned about 0.60% of Twilio worth $89,078,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Twilio during the 1st quarter worth about $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Twilio during the 1st quarter worth about $28,000. TCTC Holdings LLC boosted its holdings in shares of Twilio by 118.1% during the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock worth $33,000 after buying an additional 183 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Twilio during the 1st quarter worth about $34,000. Finally, UMB Bank n.a. bought a new stake in shares of Twilio during the 1st quarter worth about $37,000. Institutional investors own 84.27% of the company's stock.

Twilio Price Performance

Shares of Twilio stock traded up $2.65 on Tuesday, reaching $95.09. 6,241,024 shares of the stock were exchanged, compared to its average volume of 3,896,618. The firm's 50 day moving average is $120.94 and its 200-day moving average is $113.91. Twilio Inc. has a one year low of $56.85 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.90. The firm has a market cap of $14.52 billion, a PE ratio of 792.48, a P/E/G ratio of 2.95 and a beta of 1.23.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The firm's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS. As a group, analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Erika Rottenberg sold 4,100 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the transaction, the director directly owned 33,488 shares in the company, valued at $4,019,564.64. This represents a 10.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 20,008 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the transaction, the chief executive officer owned 260,581 shares of the company's stock, valued at approximately $32,450,151.93. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,888 shares of company stock worth $6,753,409 in the last three months. 4.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TWLO has been the subject of several research analyst reports. Mizuho reduced their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Wall Street Zen downgraded shares of Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. JMP Securities reissued a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a report on Tuesday, April 29th. Tigress Financial reissued a "buy" rating and issued a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Finally, Robert W. Baird cut their price objective 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $126.74.

Twilio Company 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.