Allianz Asset Management GmbH Sells 116,189 Shares of Twilio Inc. $TWLO

Allianz Asset Management GmbH trimmed its holdings in shares of Twilio Inc. (NYSE:TWLO) by 74.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,586 shares of the technology company’s stock after selling 116,189 shares during the period. Allianz Asset Management GmbH’s holdings in Twilio were worth $3,962,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Twilio during the second quarter worth approximately $228,877,000. Nordea Investment Management AB boosted its stake in Twilio by 4,231.2% in the second quarter. Nordea Investment Management AB now owns 1,123,638 shares of the technology company’s stock valued at $139,736,000 after acquiring an additional 1,097,695 shares in the last quarter. Voya Investment Management LLC grew its stake in Twilio by 752.5% during the 3rd quarter. Voya Investment Management LLC now owns 755,015 shares of the technology company’s stock valued at $75,569,000 after purchasing an additional 666,448 shares during the last quarter. Atreides Management LP increased its stake in shares of Twilio by 533.1% in the second quarter. Atreides Management LP now owns 730,300 shares of the technology company’s stock worth $90,820,000 after acquiring an additional 614,943 shares during the period. Finally, Neuberger Berman Group LLC grew its position in shares of Twilio by 17,371.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 547,192 shares of the technology company’s stock valued at $68,049,000 after acquiring an additional 544,060 shares during the period. 84.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 7,213 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $135.97, for a total transaction of $980,751.61. Following the completion of the sale, the chief financial officer owned 112,236 shares of the company’s stock, valued at $15,260,728.92. This represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 13,336 shares of the company’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $134.28, for a total transaction of $1,790,758.08. Following the sale, the chief executive officer directly owned 193,781 shares of the company’s stock, valued at approximately $26,020,912.68. This represents a 6.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,043,438 shares of company stock worth $135,022,770. 4.50% of the stock is currently owned by company insiders.

Twilio Stock Up 1.5%

Shares of Twilio stock opened at $118.74 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.68 and a quick ratio of 4.68. Twilio Inc. has a 1-year low of $77.51 and a 1-year high of $147.42. The business’s fifty day moving average price is $130.36 and its two-hundred day moving average price is $119.22. The company has a market capitalization of $18.22 billion, a P/E ratio of 289.61, a PEG ratio of 2.29 and a beta of 1.32.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TWLO shares. Citigroup restated a “market perform” rating on shares of Twilio in a research report on Tuesday, December 30th. Royal Bank Of Canada raised their price objective on shares of Twilio from $75.00 to $100.00 and gave the company an “underperform” rating in a research note on Monday, January 5th. Wells Fargo & Company upped their target price on shares of Twilio from $130.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Morgan Stanley raised their price target on shares of Twilio from $154.00 to $169.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, TD Cowen restated a “hold” rating on shares of Twilio in a research note on Friday, October 31st. One equities 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, the company has an average rating of “Moderate Buy” and a consensus target price of $146.44.

Twilio 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.