Principal Financial Group Inc. Purchases 33,948 Shares of Twilio Inc. $TWLO

Principal Financial Group Inc. increased its holdings in Twilio Inc. (NYSE:TWLO) by 7.3% in the third quarter, Holdings Channel reports. The fund owned 498,346 shares of the technology company’s stock after purchasing an additional 33,948 shares during the quarter. Principal Financial Group Inc.’s holdings in Twilio were worth $49,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GFG Capital LLC bought a new stake in Twilio during the 2nd quarter valued at $25,000. CENTRAL TRUST Co bought a new stake in shares of Twilio in the 2nd quarter valued at about $25,000. Hilltop National Bank bought a new stake in shares of Twilio in the 2nd quarter valued at about $26,000. SJS Investment Consulting Inc. raised its stake in shares of Twilio by 1,564.7% during the 3rd 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. Finally, First Horizon Corp bought a new position in shares of Twilio during the 3rd quarter worth approximately $28,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $148.00 price target (up from $145.00) on shares of Twilio in a report on Monday, January 5th. Oppenheimer reiterated an “outperform” rating and issued a $170.00 price target on shares of Twilio in a research note on Monday, January 5th. Mizuho set a $150.00 price target on Twilio in a report on Monday, December 15th. BTIG Research began coverage on shares of Twilio in a report on Monday, January 5th. They set a “buy” rating and a $165.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Twilio from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and an average target price of $146.44.

Insider Buying and Selling

In related news, Director Andrew Stafman sold 1,000,000 shares of the firm’s 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 sale, the director owned 2,295,000 shares in the company, valued at approximately $296,055,000. This trade represents a 30.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 13,336 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 193,781 shares in the company, valued at approximately $26,020,912.68. The trade was a 6.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,043,438 shares of company stock valued at $135,022,770. Corporate insiders own 0.21% of the company’s stock.

Twilio Stock Up 2.2%

Shares of TWLO stock opened at $111.93 on Thursday. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.13. Twilio Inc. has a twelve month low of $77.51 and a twelve month high of $149.19. The stock has a 50 day moving average of $131.44 and a 200 day moving average of $119.77. The stock has a market cap of $17.17 billion, a P/E ratio of 273.00, a P/E/G ratio of 2.14 and a beta of 1.32.

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.