NewEdge Advisors LLC Raises Position in Twilio Inc. $TWLO

Key Points

• NewEdge Advisors increased its Twilio stake by 194.7% in the second quarter, buying 10,134 additional shares for a total of 15,338 shares valued at approximately $3.17 million. Institutional investors collectively own 84.27% of the company.
• Analysts maintain a generally positive outlook, with Twilio receiving a “Moderate Buy” consensus rating and an average price target of $249.68; several firms recently raised targets to between $270 and $285.
• Twilio reported quarterly revenue of $1.50 billion, up 22% year over year, and adjusted earnings of $1.47 per share, beating expectations. Meanwhile, insiders sold 547,354 shares worth approximately $133.3 million over the past three months.

NewEdge Advisors LLC increased its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 194.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,338 shares of the technology company's stock after buying an additional 10,134 shares during the quarter. NewEdge Advisors LLC's holdings in Twilio were worth $3,165,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TWLO. Royal Bank of Canada grew its holdings in Twilio by 10.8% during the 1st quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company's stock valued at $410,330,000 after purchasing an additional 316,858 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Twilio by 17.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,331,471 shares of the technology company's stock worth $293,237,000 after buying an additional 349,131 shares during the period. Norges Bank acquired a new position in Twilio in the 4th quarter worth $273,862,000. Atreides Management LP lifted its holdings in Twilio by 28.5% in the 1st quarter. Atreides Management LP now owns 921,602 shares of the technology company's stock worth $115,956,000 after buying an additional 204,656 shares in the last quarter. Finally, KBC Group NV boosted its position in Twilio by 1.4% in the 1st quarter. KBC Group NV now owns 790,548 shares of the technology company's stock valued at $99,466,000 after buying an additional 11,014 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,394 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $234.48, for a total transaction of $326,865.12. Following the transaction, the chief financial officer owned 108,330 shares of the company's stock, valued at $25,401,218.40. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andrew Stafman sold 500,000 shares of Twilio stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $247.08, for a total value of $123,540,000.00. Following the completion of the transaction, the director owned 120,000 shares of the company's stock, valued at approximately $29,649,600. The trade was a 80.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 547,354 shares of company stock valued at $133,284,825 over the last three months. 0.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho set a $270.00 target price on Twilio in a research note on Wednesday, August 12th. Needham & Company LLC boosted their price target on Twilio from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. BTIG Research reiterated a "buy" rating and issued a $285.00 price target on shares of Twilio in a research note on Friday, September 11th. Wells Fargo & Company increased their price target on Twilio from $225.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Rosenblatt Securities raised their price objective on Twilio from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $249.68.

Twilio Price Performance

Shares of TWLO stock opened at $238.69 on Thursday. The firm has a fifty day moving average of $219.65 and a two-hundred day moving average of $184.82. The firm has a market cap of $36.65 billion, a P/E ratio of 33.24, a P/E/G ratio of 5.02 and a beta of 1.40. Twilio Inc. has a 1-year low of $98.44 and a 1-year high of $258.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.62 and a quick ratio of 4.62.

Twilio (NYSE:TWLO - Get Free Report) last issued its earnings results on Thursday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.15. Twilio had a net margin of 20.61% and a return on equity of 5.09%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The company's revenue for the quarter was up 22.0% on a year-over-year basis. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. As a group, research analysts anticipate that Twilio Inc. will post 3.08 earnings per share for the current fiscal year.

About Twilio

Twilio Inc is a cloud communications and customer engagement technology company that provides application programming interfaces (APIs) and software tools for businesses. Its platform enables organizations to integrate communications capabilities such as voice calls, text messaging, email, video, authentication and customer support into websites, mobile applications and other digital products.

Twilio's offerings include programmable communications services, customer data and analytics tools through Segment, and contact center software through Twilio Flex.

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.