Twilio Inc. (NYSE:TWLO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in Twilio Inc. (NYSE:TWLO) by 13.0% during the 3rd quarter, Holdings Channel reports. The fund owned 11,643 shares of the technology company’s stock after selling 1,746 shares during the quarter. Principal Financial Group Inc.’s holdings in Twilio were worth $759,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TWLO. True Wealth Design LLC increased its position in shares of Twilio by 5,200.0% in the 3rd 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 third quarter worth $46,000. Venturi Wealth Management LLC increased its holdings 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 buying an additional 493 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in Twilio by 43.3% in the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after buying an additional 260 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Twilio by 214.5% during 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 last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Trading Up 3.7 %

Shares of TWLO stock opened at $113.09 on Monday. The stock has a market cap of $17.35 billion, a P/E ratio of -44.00, a P/E/G ratio of 3.26 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $116.43. The business has a fifty day simple moving average of $101.55 and a 200-day simple moving average of $75.55.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TWLO shares. Oppenheimer upped their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Morgan Stanley upped their target price on shares of Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Stifel Nicolaus lifted their price target on shares of Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Mizuho upped their price objective on shares of Twilio from $70.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Piper Sandler raised their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $91.22.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,629 shares of the company’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 directly owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.50% of the stock is currently owned by company insiders.

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.