MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stock Position in Twilio Inc. (NYSE:TWLO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 231.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,631 shares of the technology company's stock after buying an additional 68,149 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.06% of Twilio worth $9,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. purchased a new position in Twilio during the first quarter valued at $37,000. CX Institutional purchased a new position in Twilio during the first quarter valued at $39,000. JFS Wealth Advisors LLC lifted its holdings in Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in Twilio during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction 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 transaction, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the transaction, the director now owns 33,488 shares of the company's stock, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,884 shares of company stock worth $4,719,065 over the last 90 days. Corporate insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. KeyCorp started coverage on shares of Twilio in a research note on Friday, June 6th. They issued an "overweight" rating and a $146.00 target price on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. Morgan Stanley reduced their price target on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.35.

Twilio Stock Down 2.2%

Shares of NYSE:TWLO traded down $2.50 during trading on Friday, hitting $113.31. The company's stock had a trading volume of 1,976,321 shares, compared to its average volume of 2,665,893. The business has a 50 day moving average price of $104.66 and a two-hundred day moving average price of $110.81. The company has a market capitalization of $17.30 billion, a PE ratio of -177.04, a P/E/G ratio of 4.30 and a beta of 1.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

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