Mn Services Vermogensbeheer B.V. Sells 2,200 Shares of Twilio Inc. (NYSE:TWLO)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Twilio Inc. (NYSE:TWLO) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,700 shares of the technology company’s stock after selling 2,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Twilio were worth $6,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in Twilio by 18.7% in the first quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock worth $114,000 after purchasing an additional 109 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in Twilio by 8.3% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock worth $285,000 after purchasing an additional 133 shares during the last quarter. Covestor Ltd increased its position in Twilio by 419.5% in the first quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after purchasing an additional 172 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its position in Twilio by 4.0% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock worth $359,000 after purchasing an additional 181 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Twilio by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 72,259 shares of the technology company’s stock worth $4,229,000 after purchasing an additional 194 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares of the company’s stock, valued at approximately $8,208,291.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Dana Wagner sold 1,666 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares of the company’s stock, valued at approximately $8,208,291.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 10,961 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the sale, the chief executive officer now directly owns 335,982 shares of the company’s stock, valued at $20,874,561.66. The disclosure for this sale can be found here. Insiders sold 30,958 shares of company stock valued at $1,910,447 in the last three months. 4.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on TWLO shares. Northland Securities cut shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a research report on Thursday, February 15th. Jefferies Financial Group lowered their target price on shares of Twilio from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research note on Thursday, February 15th. Stifel Nicolaus lowered their target price on shares of Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Finally, TD Cowen lowered their target price on shares of Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Twilio currently has an average rating of “Hold” and a consensus price target of $68.90.

Twilio Stock Performance

Shares of TWLO stock opened at $59.03 on Tuesday. The stock’s fifty day moving average is $61.68 and its two-hundred day moving average is $63.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.64 and a current ratio of 6.64. Twilio Inc. has a fifty-two week low of $45.02 and a fifty-two week high of $78.16.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. As a group, research analysts forecast that Twilio Inc. will post -0.24 earnings per share for the current fiscal year.

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.