Allianz Asset Management GmbH Grows Stock Holdings in Twilio Inc. (NYSE:TWLO)

Allianz Asset Management GmbH increased its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 988.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 254,020 shares of the technology company's stock after buying an additional 230,680 shares during the quarter. Allianz Asset Management GmbH owned 0.17% of Twilio worth $24,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWLO. Brighton Jones LLC grew its holdings in Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after purchasing an additional 623 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $97,000. American Century Companies Inc. raised its position in shares of Twilio by 136.5% in the fourth quarter. American Century Companies Inc. now owns 102,345 shares of the technology company's stock valued at $11,061,000 after buying an additional 59,073 shares in the last quarter. Sei Investments Co. raised its position in Twilio by 260.9% during the fourth quarter. Sei Investments Co. now owns 59,346 shares of the technology company's stock valued at $6,414,000 after purchasing an additional 42,902 shares in the last quarter. Finally, Congress Wealth Management LLC DE acquired a new position in Twilio during the fourth quarter valued at approximately $373,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Trading Down 0.5%

Shares of TWLO traded down $0.68 during trading hours on Friday, reaching $130.99. 2,017,268 shares of the company traded hands, compared to its average volume of 2,552,000. The company's fifty day moving average price is $120.26 and its two-hundred day moving average price is $113.41. The company has a market capitalization of $20.00 billion, a price-to-earnings ratio of -623.78, a price-to-earnings-growth ratio of 4.09 and a beta of 1.30. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 12 month low of $56.16 and a 12 month high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. Equities research analysts predict that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 20,008 shares of Twilio stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at approximately $32,450,151.93. The trade was a 7.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the transaction, the chief financial officer directly owned 147,823 shares of the company's stock, valued at $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,888 shares of company stock valued at $6,753,409. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TWLO shares. Piper Sandler boosted their price objective on shares of Twilio from $121.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Scotiabank boosted their price objective on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Wall Street Zen cut shares of Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Twilio in a research report on Friday, May 16th. Finally, Jefferies Financial Group set a $132.00 price objective on shares of Twilio and gave the stock a "hold" rating in a research report on Sunday, June 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Twilio has an average rating of "Moderate Buy" and an average price target of $127.22.

Twilio Company 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.