Ethic Inc. Increases Stake in Twilio Inc. $TWLO

Key Points

• Ethic Inc. has increased its stake in Twilio Inc. by 11.4% in Q2, holding 24,634 shares valued at approximately $3.02 million.
• Twilio has reported earnings of $1.19 per share for the latest quarter, surpassing analysts' expectations and reflecting a 13.5% increase in revenue year-over-year.
• Several institutional investors, including Wellington Management Group and Bank of Nova Scotia, made significant acquisitions of Twilio shares, contributing to institutional ownership now at 84.27%.

Ethic Inc. lifted its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 11.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,634 shares of the technology company's stock after purchasing an additional 2,518 shares during the quarter. Ethic Inc.'s holdings in Twilio were worth $3,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its holdings in shares of Twilio by 211.8% in the first quarter. Concurrent Investment Advisors LLC now owns 5,878 shares of the technology company's stock valued at $575,000 after purchasing an additional 3,993 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Twilio by 4,280.5% in the first quarter. Wellington Management Group LLP now owns 260,069 shares of the technology company's stock valued at $25,463,000 after purchasing an additional 254,132 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Twilio by 502.1% in the first quarter. Bank of Nova Scotia now owns 32,341 shares of the technology company's stock valued at $3,167,000 after purchasing an additional 26,970 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new position in shares of Twilio in the first quarter valued at $716,000. Finally, Knights of Columbus Asset Advisors LLC purchased a new position in shares of Twilio in the second quarter valued at $4,809,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Up 1.7%

Shares of TWLO opened at $112.73 on Friday. The firm has a market capitalization of $17.30 billion, a P/E ratio of 939.45, a P/E/G ratio of 3.43 and a beta of 1.25. Twilio Inc. has a 12-month low of $70.03 and a 12-month high of $151.95. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $105.93 and a 200-day moving average price of $109.89.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.17. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The business's revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. Twilio has set its Q3 2025 guidance at 1.010-1.060 EPS. Equities research analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Twilio from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 18th. Wells Fargo & Company assumed coverage on shares of Twilio in a report on Tuesday, September 30th. They issued an "overweight" rating and a $130.00 target price for the company. Rosenblatt Securities reissued a "buy" rating and issued a $140.00 target price on shares of Twilio in a report on Friday, September 26th. Morgan Stanley set a $152.00 target price on shares of Twilio in a report on Tuesday. Finally, UBS Group dropped their price objective on shares of Twilio from $150.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Twilio has an average rating of "Moderate Buy" and an average target price of $132.00.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 8,035 shares of the business's stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $115.00, for a total transaction of $924,025.00. Following the completion of the sale, the chief financial officer directly owned 129,618 shares of the company's stock, valued at approximately $14,906,070. The trade was a 5.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 12,922 shares of the business's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $104.09, for a total transaction of $1,345,050.98. Following the sale, the chief executive officer directly owned 220,383 shares of the company's stock, valued at $22,939,666.47. This represents a 5.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,808 shares of company stock valued at $4,677,916 over the last three months. Insiders own 0.21% of the company's stock.

About Twilio

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.

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