Jericho Capital Asset Management L.P. Acquires 493,000 Shares of Twilio Inc. $TWLO

Key Points

• Jericho Capital Asset Management has increased its holdings in Twilio Inc. by 17.7% in the first quarter, owning approximately $321.18 million worth of stock, which makes Twilio its sixth largest position.
• Insider transactions revealed that Twilio's CFO and CEO sold shares recently, resulting in a 5.31% and 7.13% decrease in their respective ownership stakes in the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Twilio, with target prices ranging from $125.00 to $146.00 based on recent reports.

Jericho Capital Asset Management L.P. lifted its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 17.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,280,363 shares of the technology company's stock after acquiring an additional 493,000 shares during the period. Twilio accounts for 5.8% of Jericho Capital Asset Management L.P.'s portfolio, making the stock its 6th biggest holding. Jericho Capital Asset Management L.P. owned about 2.15% of Twilio worth $321,180,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Woodward Diversified Capital LLC grew its position in shares of Twilio by 1.5% during the first quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company's stock worth $701,000 after acquiring an additional 103 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Twilio by 1.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,430 shares of the technology company's stock worth $825,000 after acquiring an additional 114 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Twilio by 12.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the technology company's stock worth $109,000 after acquiring an additional 119 shares during the last quarter. Strengthening Families & Communities LLC grew its position in shares of Twilio by 5.8% during the first quarter. Strengthening Families & Communities LLC now owns 2,278 shares of the technology company's stock worth $223,000 after acquiring an additional 125 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its position in shares of Twilio by 1.3% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 9,871 shares of the technology company's stock worth $966,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Price Performance

NYSE TWLO traded up $2.57 on Friday, reaching $108.60. The company's stock had a trading volume of 2,500,259 shares, compared to its average volume of 4,781,524. Twilio Inc. has a twelve month low of $56.85 and a twelve month high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.90 and a current ratio of 4.90. The stock has a market cap of $16.66 billion, a PE ratio of 905.11, a PEG ratio of 3.40 and a beta of 1.27. The firm's 50 day moving average is $115.77 and its two-hundred day moving average is $109.29.

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

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 13,595 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the completion of the sale, the chief executive officer directly owned 246,986 shares of the company's stock, valued at approximately $28,912,181.16. This represents a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,807 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $105.94, for a total transaction of $191,433.58. Following the sale, the chief financial officer directly owned 146,016 shares of the company's stock, valued at $15,468,935.04. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,671 shares of company stock valued at $6,235,788 over the last ninety days. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TWLO shares. KeyCorp started coverage on shares of Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price objective for the company. UBS Group reduced their price objective on shares of Twilio from $150.00 to $135.00 and set a "buy" rating for the company in a report on Friday, August 8th. Rosenblatt Securities started coverage on shares of Twilio in a report on Friday. They issued a "buy" rating and a $140.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price objective on shares of Twilio in a report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Twilio from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Twilio has an average rating of "Moderate Buy" and a consensus price target of $129.78.

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.