Dai ichi Life Insurance Company Ltd Invests $448,000 in Twilio Inc. (NYSE:TWLO)

Dai ichi Life Insurance Company Ltd bought a new stake in Twilio Inc. (NYSE:TWLO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,874 shares of the technology company’s stock, valued at approximately $448,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SouthState Corp boosted its holdings in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the second quarter valued at $29,000. GAMMA Investing LLC grew its position in Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares during the period. Lynx Investment Advisory purchased a new position in shares of Twilio during the 2nd quarter valued at about $45,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Twilio by 205.4% in the 3rd 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 period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Price Performance

NYSE:TWLO opened at $102.91 on Friday. The stock has a 50 day moving average price of $79.76 and a 200 day moving average price of $66.00. The stock has a market cap of $15.78 billion, a PE ratio of -40.04, a P/E/G ratio of 3.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a one year low of $52.51 and a one year high of $108.44.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TWLO. Oppenheimer lifted their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Wells Fargo & Company upgraded shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $120.00 in a research report on Tuesday, November 12th. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Friday, November 15th. Finally, Tigress Financial raised their target price on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.87.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,174 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the sale, the insider now owns 152,563 shares in the company, valued at $9,919,646.26. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock valued at $3,354,771 in the last three months. 4.50% of the stock is currently owned by insiders.

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.