The Manufacturers Life Insurance Company Has $2.82 Million Stock Position in Twilio Inc. (NYSE:TWLO)

The Manufacturers Life Insurance Company grew its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 151.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,237 shares of the technology company's stock after buying an additional 26,062 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Twilio were worth $2,820,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SouthState Corp boosted its position in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company's stock worth $28,000 after acquiring an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Twilio in the second quarter worth $29,000. GAMMA Investing LLC boosted its holdings in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company's stock worth $36,000 after purchasing an additional 264 shares during the last quarter. Venturi Wealth Management LLC grew its position in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock valued at $48,000 after purchasing an additional 493 shares in the last quarter. Finally, Huntington National Bank increased its stake in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company's stock valued at $51,000 after buying an additional 532 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

TWLO stock traded down $3.22 during trading hours on Monday, hitting $110.20. 2,502,978 shares of the stock were exchanged, compared to its average volume of 2,694,277. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $113.90. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $16.90 billion, a P/E ratio of -42.88, a P/E/G ratio of 3.28 and a beta of 1.38. The company has a 50-day simple moving average of $86.06 and a two-hundred day simple moving average of $68.42.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 11,044 shares of the company's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the sale, the chief executive officer now directly owns 267,090 shares in the company, valued at approximately $17,678,687.10. This represents a 3.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,575 shares of company stock valued at $3,863,961. 4.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird increased their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Morgan Stanley increased their price target on Twilio from $70.00 to $77.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Mizuho boosted their price target on Twilio from $60.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. JMP Securities reiterated a "market outperform" rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Finally, StockNews.com raised shares of Twilio from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $85.87.

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.