Allianz SE Makes New Investment in Twilio Inc. (NYSE:TWLO)

Allianz SE acquired a new stake in shares of Twilio Inc. (NYSE:TWLO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,599 shares of the technology company’s stock, valued at approximately $173,000.

Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC lifted its stake in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Twilio during the 4th quarter valued at about $44,000. True Wealth Design LLC grew its position in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after purchasing an additional 360 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “underperform” rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, March 19th. Piper Sandler reissued an “overweight” rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $115.00 to $160.00 in a research note on Friday, January 24th. Scotiabank raised their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Finally, Barclays increased their price objective on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

Twilio Trading Down 0.8 %

Twilio stock opened at $98.20 on Tuesday. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $120.28 and its two-hundred day simple moving average is $101.24. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of -153.44, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Twilio 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 transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock worth $2,441,324 in the last three months. Insiders own 4.50% of the company’s stock.

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.