Twilio Inc. (NYSE:TWLO) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,738 shares of the technology company's stock after acquiring 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 filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. M&T Bank Corp raised its stake in shares of Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after acquiring an additional 85 shares during the period. Allworth Financial LP boosted its position in shares of Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock worth $165,000 after buying an additional 94 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after buying an additional 104 shares during the period. Tidal Investments LLC raised its stake in shares of Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock valued at $1,152,000 after acquiring an additional 112 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its stake in Twilio by 3.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock worth $423,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have recently commented on TWLO. UBS Group boosted their price objective on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. StockNews.com downgraded Twilio from a "buy" rating to a "hold" rating in a report on Friday. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and lifted their target price for the company from $77.00 to $185.00 in a report on Monday, January 27th. Tigress Financial increased their price target on shares of Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $134.26.

Twilio Trading Up 2.2 %

Shares of NYSE TWLO traded up $1.88 during midday trading on Tuesday, hitting $88.30. The stock had a trading volume of 909,835 shares, compared to its average volume of 2,635,534. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of -137.97, a PEG ratio of 4.30 and a beta of 1.50. The company has a fifty day moving average price of $108.62 and a 200 day moving average price of $103.16.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of Twilio 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 $721,401.12. Following the sale, the chief financial officer now directly owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 in the last 90 days. 4.50% of the stock is owned by company insiders.

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.