Thrivent Financial for Lutherans Invests $253,000 in Twilio Inc. (NYSE:TWLO)

Thrivent Financial for Lutherans acquired a new stake in Twilio Inc. (NYSE:TWLO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,886 shares of the technology company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TWLO. KBC Group NV lifted its stake in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after acquiring an additional 9,141 shares during the last quarter. Affinity Investment Advisors LLC bought a new stake in Twilio during the third quarter worth about $434,000. Los Angeles Capital Management LLC acquired a new position in Twilio during the third quarter valued at approximately $2,168,000. Finally, Palo Alto Wealth Advisors LLC acquired a new position in Twilio during the third quarter worth $757,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Performance

Shares of TWLO opened at $113.39 on Friday. Twilio Inc. has a one year low of $52.51 and a one year high of $113.57. The company has a market cap of $17.39 billion, a PE ratio of -44.12, a P/E/G ratio of 3.10 and a beta of 1.38. The stock has a 50-day moving average of $84.19 and a 200-day moving average of $67.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Analyst Ratings Changes

TWLO has been the subject of several recent analyst reports. Northland Securities raised their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Barclays boosted their price target on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Oppenheimer boosted their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.87.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 4,174 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the transaction, the insider now owns 152,563 shares of the company’s stock, valued at approximately $9,919,646.26. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,575 shares of company stock valued at $3,863,961. Corporate 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.