Thrivent Financial for Lutherans Boosts Stock Holdings in Twilio Inc. $TWLO

Thrivent Financial for Lutherans lifted its position in Twilio Inc. (NYSE:TWLO) by 253.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,086 shares of the technology company’s stock after acquiring an additional 28,748 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Twilio were worth $4,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in Twilio by 57.0% during the third quarter. Bank of New York Mellon Corp now owns 1,212,436 shares of the technology company’s stock valued at $121,353,000 after purchasing an additional 440,423 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Twilio by 54.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,517 shares of the technology company’s stock valued at $9,060,000 after purchasing an additional 31,938 shares during the period. Federated Hermes Inc. raised its position in shares of Twilio by 19.7% in the third quarter. Federated Hermes Inc. now owns 70,294 shares of the technology company’s stock valued at $7,036,000 after purchasing an additional 11,577 shares during the period. Hood River Capital Management LLC lifted its stake in shares of Twilio by 36.2% during the 2nd quarter. Hood River Capital Management LLC now owns 133,529 shares of the technology company’s stock valued at $16,606,000 after buying an additional 35,468 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Twilio by 2.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,152,727 shares of the technology company’s stock worth $114,777,000 after buying an additional 29,089 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $170.00 target price on shares of Twilio in a report on Monday, January 5th. Rosenblatt Securities boosted their price objective on Twilio from $140.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Royal Bank Of Canada increased their price objective on Twilio from $75.00 to $100.00 and gave the stock an “underperform” rating in a report on Monday, January 5th. Monness Crespi & Hardt lifted their target price on Twilio from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus upped their price target on Twilio from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.44.

Twilio Stock Performance

NYSE:TWLO opened at $115.12 on Friday. The stock has a market cap of $17.66 billion, a P/E ratio of 280.78, a PEG ratio of 2.25 and a beta of 1.32. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $130.79 and its two-hundred day moving average price is $119.50. Twilio Inc. has a twelve month low of $77.51 and a twelve month high of $148.31.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 7,213 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $135.97, for a total value of $980,751.61. Following the completion of the transaction, the chief financial officer directly owned 112,236 shares in the company, valued at approximately $15,260,728.92. The trade was a 6.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 13,336 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $134.28, for a total value of $1,790,758.08. Following the completion of the transaction, the chief executive officer directly owned 193,781 shares in the company, valued at approximately $26,020,912.68. This represents a 6.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,043,438 shares of company stock worth $135,022,770 over the last three months. 0.21% of the stock is owned by insiders.

Twilio Company Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.