Mn Services Vermogensbeheer B.V. Has $6.13 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Mn Services Vermogensbeheer B.V. cut its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,600 shares of the technology company's stock after selling 6,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Twilio were worth $6,129,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TWLO. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in Twilio by 231.2% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 97,631 shares of the technology company's stock valued at $9,559,000 after buying an additional 68,149 shares during the period. Ritholtz Wealth Management increased its holdings in Twilio by 359.1% in the 1st quarter. Ritholtz Wealth Management now owns 14,632 shares of the technology company's stock valued at $1,433,000 after buying an additional 11,445 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Twilio by 19.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,970 shares of the technology company's stock valued at $2,249,000 after buying an additional 3,763 shares during the period. Polianta Ltd bought a new stake in Twilio in the 1st quarter valued at $1,057,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Twilio in the 1st quarter valued at $157,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TWLO. Wells Fargo & Company reduced their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. KeyCorp began coverage on shares of Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price target on the stock. HSBC upgraded shares of Twilio from a "reduce" rating to a "hold" rating and upped their price target for the stock from $77.00 to $99.00 in a research report on Monday, May 5th. Piper Sandler upped their price target on shares of Twilio from $106.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $126.39.

Twilio Stock Up 0.1%

NYSE TWLO traded up $0.09 during trading hours on Friday, reaching $116.77. 2,885,222 shares of the company's stock were exchanged, compared to its average volume of 2,636,729. The company's 50-day moving average is $107.57 and its two-hundred day moving average is $111.18. Twilio Inc. has a one year low of $54.33 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 4.78. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of -556.06, a price-to-earnings-growth ratio of 3.62 and a beta of 1.30.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $0.80 EPS. On average, analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,924 shares of Twilio stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the transaction, the chief financial officer now owns 165,982 shares in the company, valued at $18,714,470.50. The trade was a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director now owns 33,488 shares in the company, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,884 shares of company stock valued at $4,719,065 over the last quarter. 0.21% of the stock is owned by corporate 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.