Merit Financial Group LLC Acquires New Stake in Twilio Inc. (NYSE:TWLO)

Merit Financial Group LLC bought a new stake in Twilio Inc. (NYSE:TWLO) in the 4th quarter, Holdings Channel reports. The institutional investor bought 3,460 shares of the technology company’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its stake in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Twilio during the 3rd quarter valued at about $46,000. Venturi Wealth Management LLC raised its stake in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares during the period. Huntington National Bank raised its position in shares of Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after buying an additional 532 shares during the period. Finally, Planning Capital Management Corp purchased a new position in shares of Twilio in the 3rd quarter worth about $53,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the stock in a transaction dated 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 sale, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,527 shares of company stock valued at $2,844,655. Corporate insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of NYSE:TWLO opened at $135.98 on Friday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $141.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock’s 50 day moving average price is $108.41 and its 200 day moving average price is $80.68. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TWLO shares. Stifel Nicolaus raised their target price on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Friday. The Goldman Sachs Group upped their target price on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Morgan Stanley raised their target price on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Jefferies Financial Group upped their target price on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Northland Securities lifted their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and an average price target of $110.96.

About Twilio

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.