Federated Hermes Inc. Has $6.02 Million Stake in Twilio Inc. (NYSE:TWLO)

Key Points

• Federated Hermes Inc. reduced its holdings in Twilio Inc. by 7.9% to 61,461 shares, valued at approximately $6.02 million as of the latest SEC filing.
• In the first quarter, several hedge funds, including LRI Investments and Cloud Capital Management, acquired new stakes in Twilio, signaling renewed interest from institutional investors.
• Twilio reported $1.14 EPS for the latest quarter, surpassing analyst expectations of $0.92, and has an average rating of "Moderate Buy" with a consensus price target of $127.22.

Federated Hermes Inc. decreased its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,461 shares of the technology company's stock after selling 5,277 shares during the period. Federated Hermes Inc.'s holdings in Twilio were worth $6,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TWLO. LRI Investments LLC acquired a new stake in shares of Twilio during the first quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Twilio in the first quarter valued at approximately $28,000. TCTC Holdings LLC increased its holdings in shares of Twilio by 118.1% in the first quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock valued at $33,000 after purchasing an additional 183 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Twilio in the first quarter valued at approximately $34,000. Finally, UMB Bank n.a. acquired a new stake in shares of Twilio in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Twilio Stock Performance

Shares of Twilio stock opened at $121.14 on Monday. The company has a market cap of $18.49 billion, a PE ratio of -576.86, a price-to-earnings-growth ratio of 3.66 and a beta of 1.23. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $121.57 and a 200-day moving average of $114.08. Twilio Inc. has a 1-year low of $56.85 and a 1-year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. As a group, equities research analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TWLO. JMP Securities reaffirmed a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research note on Tuesday, April 29th. Scotiabank boosted their price target on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Twilio in a report on Friday, May 16th. The Goldman Sachs Group upped their target price on shares of Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, UBS Group reduced their target price on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $127.22.

Insider Activity

In other news, CEO Khozema Shipchandler sold 20,008 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the sale, the chief executive officer directly owned 260,581 shares in the company, valued at $32,450,151.93. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,888 shares of company stock valued at $6,753,409. Insiders own 4.50% of the company's stock.

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.

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