Principal Financial Group Inc. Decreases Position in Twilio Inc. (NYSE:TWLO)

Principal Financial Group Inc. cut its holdings in Twilio Inc. (NYSE:TWLO) by 13.0% in the third quarter, according to the company in its most recent disclosure with the SEC. 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 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. 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 acquiring an additional 416 shares during the period. Brooklyn Investment Group purchased a new stake in Twilio during the 3rd quarter valued at about $46,000. Venturi Wealth Management LLC increased its holdings in shares of 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 during the period. HHM Wealth Advisors LLC boosted its position 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 during the last quarter. Finally, Huntington National Bank increased its holdings in 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. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Performance

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Mizuho raised their target price on Twilio from $70.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. UBS Group raised their price target on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Twilio has a consensus rating of “Hold” and a consensus target price of $91.22.

Insider Transactions at Twilio

In other news, 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 transaction of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company’s stock.

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.