Hanseatic Management Services Inc. Makes New Investment in Twilio Inc. (NYSE:TWLO)

Hanseatic Management Services Inc. purchased a new stake in Twilio Inc. (NYSE:TWLO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,656 shares of the technology company’s stock, valued at approximately $1,044,000. Twilio accounts for about 1.3% of Hanseatic Management Services Inc.’s holdings, making the stock its 28th biggest holding.

Other institutional investors have also recently modified their holdings of the company. HB Wealth Management LLC purchased a new stake in shares of Twilio during the 4th quarter worth $216,000. Merit Financial Group LLC purchased a new position in shares of Twilio in the 4th quarter valued at about $374,000. Retireful LLC acquired a new stake in shares of Twilio in the fourth quarter valued at about $1,475,000. Ritholtz Wealth Management purchased a new stake in Twilio during the fourth quarter worth about $344,000. Finally, Gateway Investment Advisers LLC grew its position in Twilio by 7.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 32,948 shares of the technology company’s stock worth $3,561,000 after buying an additional 2,183 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of research reports. Morgan Stanley lifted their price target on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price target on Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Friday, November 15th. Finally, The Goldman Sachs Group raised their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $93.74.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock valued at $2,844,655 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Twilio Price Performance

TWLO stock opened at $111.98 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock’s 50 day moving average is $107.13 and its two-hundred day moving average is $79.27. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $117.92.

Twilio 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.