Twilio Inc. (NYSE:TWLO) Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 71.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,730 shares of the technology company's stock after acquiring an additional 43,794 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.06% of Twilio worth $5,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TWLO. Norges Bank purchased a new stake in Twilio during the fourth quarter valued at about $179,739,000. Kodai Capital Management LP bought a new position in shares of Twilio during the 4th quarter valued at about $82,558,000. Contrarius Investment Management Ltd purchased a new position in shares of Twilio during the 4th quarter valued at about $80,043,000. Panagora Asset Management Inc. lifted its position in Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company's stock worth $40,707,000 after buying an additional 531,075 shares during the last quarter. Finally, Goldentree Asset Management LP purchased a new stake in Twilio in the first quarter worth approximately $31,745,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lowered shares of Twilio from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Needham & Company LLC reissued a "buy" rating and issued a $71.00 price target on shares of Twilio in a research note on Monday, May 20th. Tigress Financial raised their price objective on Twilio from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. lifted their price objective on Twilio from $76.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, Macquarie dropped their target price on Twilio from $69.00 to $63.00 and set a "neutral" rating for the company in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $70.52.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 24,657 shares of the company's stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $57.00, for a total value of $1,405,449.00. Following the sale, the chief executive officer now owns 311,325 shares in the company, valued at $17,745,525. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 24,657 shares of Twilio stock in a transaction on Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the transaction, the chief executive officer now owns 311,325 shares in the company, valued at $17,745,525. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the sale, the chief financial officer now directly owns 184,570 shares in the company, valued at $11,382,431.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,687 shares of company stock worth $4,082,924. Corporate insiders own 4.50% of the company's stock.

Twilio Trading Up 0.6 %

TWLO stock traded up $0.40 during trading on Friday, reaching $62.76. The company had a trading volume of 2,753,614 shares, compared to its average volume of 2,363,695. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio Inc. has a 52 week low of $49.86 and a 52 week high of $78.16. The business has a 50 day moving average of $58.79 and a 200 day moving average of $59.32. The company has a market cap of $10.08 billion, a P/E ratio of -15.65, a PEG ratio of 3.57 and a beta of 1.35.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned ($0.23) EPS. The business's revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Twilio Inc. will post 0.54 earnings per share 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.