Kovitz Investment Group Partners LLC Reduces Position in Twilio Inc. $TWLO

Key Points

• Kovitz Investment Group Partners LLC reduced its stake in Twilio Inc. by 42.9% in the 1st quarter, now holding shares valued at $465,000.
• Insider transactions included CEO Khozema Shipchandler selling over 20,000 shares and Director Erika Rottenberg selling 4,100 shares, leading to a significant decrease in their ownership of the stock.
• Twilio reported $1.19 earnings per share for the last quarter, exceeding analysts' expectations and showing a 13.5% year-over-year revenue growth.

Kovitz Investment Group Partners LLC cut its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 42.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,751 shares of the technology company's stock after selling 3,572 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Twilio were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its stake 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 worth $575,000 after purchasing an additional 3,993 shares during the last quarter. Bank of Nova Scotia grew its stake 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 worth $3,167,000 after purchasing an additional 26,970 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Twilio in the first quarter worth about $716,000. Horizon Financial Services LLC grew its stake in shares of Twilio by 9,692.0% in the first quarter. Horizon Financial Services LLC now owns 2,448 shares of the technology company's stock worth $240,000 after purchasing an additional 2,423 shares during the last quarter. Finally, Alpha Cubed Investments LLC grew its stake in shares of Twilio by 53.7% in the first quarter. Alpha Cubed Investments LLC now owns 16,866 shares of the technology company's stock worth $1,651,000 after purchasing an additional 5,896 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TWLO. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Twilio in a research report on Friday, May 16th. KeyCorp assumed coverage on Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price target on the stock. The Goldman Sachs Group increased their price objective on Twilio from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. HSBC raised Twilio from a "reduce" rating to a "hold" rating and raised their price objective for the company from $77.00 to $99.00 in a research report on Monday, May 5th. Finally, Robert W. Baird reduced their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.74.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $124.53, for a total value of $2,491,596.24. Following the completion of the transaction, the chief executive officer directly owned 260,581 shares in the company, valued at $32,450,151.93. The trade was a 7.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erika Rottenberg sold 4,100 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,771 shares of company stock worth $6,727,911 in the last three months. Insiders own 0.21% of the company's stock.

Twilio Stock Up 5.3%

TWLO stock traded up $5.31 on Friday, reaching $106.28. 3,682,395 shares of the company traded hands, compared to its average volume of 5,766,759. Twilio Inc. has a one year low of $56.85 and a one year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.90 and a quick ratio of 4.90. The company has a market cap of $16.31 billion, a P/E ratio of 885.74, a price-to-earnings-growth ratio of 3.36 and a beta of 1.23. The firm has a fifty day simple moving average of $118.44 and a 200-day simple moving average of $111.55.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 earnings per share for the quarter, topping 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 analyst estimates of $1.19 billion. During the same period in the previous year, the business earned $0.87 EPS. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. Twilio has set its Q3 2025 guidance at 1.010-1.060 EPS. Research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

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.