Federated Hermes Inc. Has $7.21 Million Position in Twilio Inc. (NYSE:TWLO)

Federated Hermes Inc. increased its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 11.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 66,738 shares of the technology company's stock after purchasing an additional 6,843 shares during the period. Federated Hermes Inc.'s holdings in Twilio were worth $7,213,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TWLO. Arrowstreet Capital Limited Partnership boosted its stake in shares of Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the period. Geode Capital Management LLC grew its stake in shares of Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company's stock worth $177,622,000 after acquiring an additional 33,824 shares in the last quarter. Norges Bank purchased a new stake in shares of Twilio during the fourth quarter worth $222,146,000. Bank of New York Mellon Corp raised its stake in shares of Twilio by 11.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after acquiring an additional 99,786 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Twilio by 3,999.9% in the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after acquiring an additional 509,153 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insiders Place Their Bets

In other Twilio news, 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 sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares in the company, 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 worth $2,344,149 in the last quarter. 4.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley upgraded Twilio from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $144.00 to $160.00 in a report on Monday, February 24th. Mizuho cut their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday. Scotiabank lifted their price target on shares of Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and increased their price objective for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Finally, Needham & Company LLC raised their price objective on shares of Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $134.26.

Twilio Trading Down 1.3 %

Shares of NYSE TWLO traded down $1.14 on Wednesday, reaching $87.17. 405,764 shares of the company traded hands, compared to its average volume of 3,178,145. The company has a 50 day moving average of $107.45 and a 200 day moving average of $103.06. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock has a market capitalization of $13.31 billion, a PE ratio of -136.34, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced 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). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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.