Thrivent Financial for Lutherans Raises Stake in Twilio Inc. $TWLO

Thrivent Financial for Lutherans raised its holdings in shares of Twilio Inc. (NYSE:TWLO) by 253.6% during the third quarter, Holdings Channel reports. The fund owned 40,086 shares of the technology company’s stock after buying an additional 28,748 shares during the period. Thrivent Financial for Lutherans’ holdings in Twilio were worth $4,028,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Twilio during the 2nd quarter valued at $228,877,000. Bank of New York Mellon Corp lifted its stake in Twilio by 57.0% in the third quarter. Bank of New York Mellon Corp now owns 1,212,436 shares of the technology company’s stock worth $121,353,000 after purchasing an additional 440,423 shares during the last quarter. Amundi boosted its position in Twilio by 30.0% during the second quarter. Amundi now owns 1,156,722 shares of the technology company’s stock valued at $134,770,000 after buying an additional 267,202 shares during the period. Nordea Investment Management AB grew its stake in shares of Twilio by 2.6% during the third quarter. Nordea Investment Management AB now owns 1,152,727 shares of the technology company’s stock valued at $114,777,000 after buying an additional 29,089 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Twilio by 12.2% during the second quarter. KBC Group NV now owns 1,061,231 shares of the technology company’s stock valued at $131,974,000 after buying an additional 115,637 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TWLO shares. Mizuho set a $150.00 target price on Twilio in a research note on Monday, December 15th. Stifel Nicolaus boosted their price objective on Twilio from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, October 31st. Bank of America increased their price objective on Twilio from $100.00 to $110.00 and gave the company an “underperform” rating in a research note on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Twilio in a research note on Monday, January 5th. Finally, Piper Sandler reiterated a “neutral” rating and set a $148.00 price target (up from $145.00) on shares of Twilio in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and an average target price of $146.44.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 13,336 shares of Twilio stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $134.28, for a total transaction 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 trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Stafman sold 1,000,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $129.00, for a total transaction of $129,000,000.00. Following the sale, the director directly owned 2,295,000 shares in the company, valued at $296,055,000. This trade represents a 30.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,043,438 shares of company stock valued at $135,022,770. Company insiders own 0.21% of the company’s stock.

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 price-to-earnings-growth ratio of 2.25 and a beta of 1.32. The firm’s fifty day simple moving average is $130.79 and its 200 day simple moving average is $119.50. Twilio Inc. has a twelve month low of $77.51 and a twelve month high of $148.31. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.13.

About Twilio

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.