Federated Hermes Inc. Increases Holdings in Twilio Inc. (NYSE:TWLO)

Federated Hermes Inc. raised its stake in Twilio Inc. (NYSE:TWLO) by 11.4% during the fourth quarter, HoldingsChannel reports. The fund owned 66,738 shares of the technology company’s stock after buying an additional 6,843 shares during the period. Federated Hermes Inc.’s holdings in Twilio were worth $7,213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its position in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $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 fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 166 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Twilio during the fourth quarter valued at approximately $44,000. Private Trust Co. NA increased its position in shares of Twilio by 395.6% during the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after acquiring an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Twilio in the 4th quarter worth approximately $75,000. 84.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a research note on Friday. Monness Crespi & Hardt increased their price objective on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Scotiabank boosted their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Morgan Stanley raised shares of Twilio from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $144.00 to $160.00 in a report on Monday, February 24th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Twilio currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the sale, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock valued at $2,344,149 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Twilio Stock Performance

TWLO opened at $85.44 on Friday. The firm has a market cap of $13.04 billion, a P/E ratio of -133.50, a PEG ratio of 4.30 and a beta of 1.50. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a 50 day simple moving average of $111.02 and a two-hundred day simple moving average of $102.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). The company 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%. Equities analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.