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

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

Several other large investors also recently made changes to their positions in the business. CENTRAL TRUST Co bought a new position in Twilio in the second quarter valued at approximately $25,000. SJS Investment Consulting Inc. raised its position in Twilio by 1,564.7% during the third quarter. SJS Investment Consulting Inc. now owns 283 shares of the technology company’s stock worth $28,000 after acquiring an additional 266 shares in the last quarter. First Horizon Corp acquired a new stake in Twilio in the third quarter valued at $28,000. Estabrook Capital Management bought a new position in shares of Twilio in the 2nd quarter valued at about $31,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Twilio in the 2nd quarter valued at about $35,000. Institutional investors own 84.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $150.00 target price on shares of Twilio in a research note on Friday, October 31st. Stifel Nicolaus upped their price target on shares of Twilio from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, October 31st. FBN Securities upgraded shares of Twilio to a “strong-buy” rating in a research note on Wednesday, November 12th. Bank of America boosted their price objective on shares of Twilio from $100.00 to $110.00 and gave the company an “underperform” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company raised their target price on shares of Twilio from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Twilio has an average rating of “Moderate Buy” and an average target price of $146.44.

Insider Activity at Twilio

In other news, Director Andrew Stafman sold 1,000,000 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 2,295,000 shares in the company, valued at $296,055,000. This represents a 30.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 13,336 shares of Twilio 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 transaction, the chief executive officer directly owned 193,781 shares of the company’s stock, valued at $26,020,912.68. This represents a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,043,438 shares of company stock worth $135,022,770 over the last three months. Company insiders own 4.50% of the company’s stock.

Twilio Stock Up 1.5%

TWLO stock opened at $118.74 on Wednesday. The stock has a market capitalization of $18.22 billion, a P/E ratio of 289.61, a price-to-earnings-growth ratio of 2.29 and a beta of 1.32. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $130.36 and a 200-day moving average price of $119.22. Twilio Inc. has a 12 month low of $77.51 and a 12 month high of $147.42.

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.