The Manufacturers Life Insurance Company Sells 7,270 Shares of Twilio Inc. $TWLO

The Manufacturers Life Insurance Company lessened its stake in Twilio Inc. (NYSE:TWLO) by 8.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 78,044 shares of the technology company’s stock after selling 7,270 shares during the period. The Manufacturers Life Insurance Company’s holdings in Twilio were worth $9,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 623 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Twilio in the 2nd quarter worth approximately $251,000. Daiwa Securities Group Inc. boosted its stake in shares of Twilio by 70.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,653 shares of the technology company’s stock valued at $3,066,000 after purchasing an additional 10,200 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Twilio by 46.9% in the 2nd quarter. NewEdge Advisors LLC now owns 5,770 shares of the technology company’s stock valued at $718,000 after purchasing an additional 1,841 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Twilio by 55.1% during the second quarter. Sei Investments Co. now owns 90,128 shares of the technology company’s stock worth $11,208,000 after buying an additional 32,027 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TWLO shares. Bank of America raised shares of Twilio from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $190.00 in a research note on Wednesday, April 22nd. KGI Securities initiated coverage on Twilio in a report on Thursday, July 2nd. They set an “outperform” rating and a $250.00 price target for the company. UBS Group increased their price target on Twilio from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Needham & Company LLC boosted their price objective on Twilio from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Tigress Financial upped their target price on Twilio from $170.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $220.59.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 9,093 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $201.25, for a total value of $1,829,966.25. Following the completion of the sale, the chief financial officer directly owned 118,252 shares in the company, valued at $23,798,215. This trade represents a 7.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Erika Rottenberg sold 2,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $199.01, for a total value of $398,020.00. Following the completion of the sale, the director directly owned 30,995 shares of the company’s stock, valued at $6,168,314.95. The trade was a 6.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,802,480 shares of company stock worth $341,620,487 over the last quarter. Company insiders own 0.21% of the company’s stock.

Twilio Stock Down 0.5%

Shares of NYSE TWLO opened at $196.43 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.13. The firm has a market cap of $29.81 billion, a PE ratio of 306.92, a P/E/G ratio of 3.93 and a beta of 1.37. The company’s fifty day simple moving average is $202.28 and its 200 day simple moving average is $159.54. Twilio Inc. has a 12-month low of $91.84 and a 12-month high of $238.48.

About Twilio

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.