Truist Financial Corp Raises Stock Holdings in Twilio Inc. $TWLO

Key Points

• Truist Financial Corp significantly increased its holdings in Twilio Inc. by 1,286.7% during the second quarter, acquiring an additional 257,681 shares, bringing their total to 277,707 shares valued at approximately $34.5 million.
• Multiple institutional investors have also expanded their stakes in Twilio, with notable increases from KBC Group NV (236.3%) and Alyeska Investment Group L.P. (36.4%) during the first quarter.
• Twilio's stock has received mixed ratings from analysts, with targets ranging from $75.00 to $146.00, while the stock has a current consensus rating of "Moderate Buy" and a 52-week price range of $65.50 to $151.95.

Truist Financial Corp lifted its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 1,286.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,707 shares of the technology company's stock after purchasing an additional 257,681 shares during the period. Truist Financial Corp owned about 0.18% of Twilio worth $34,536,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in Twilio by 236.3% in the first quarter. KBC Group NV now owns 945,594 shares of the technology company's stock valued at $92,583,000 after acquiring an additional 664,420 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Twilio by 36.4% during the first quarter. Alyeska Investment Group L.P. now owns 2,071,826 shares of the technology company's stock valued at $202,852,000 after purchasing an additional 553,043 shares during the period. Jericho Capital Asset Management L.P. grew its holdings in Twilio by 17.7% during the first quarter. Jericho Capital Asset Management L.P. now owns 3,280,363 shares of the technology company's stock valued at $321,180,000 after purchasing an additional 493,000 shares during the period. Nuveen LLC purchased a new position in shares of Twilio during the 1st quarter valued at $40,219,000. Finally, Amundi raised its stake in Twilio by 72.0% in the 1st quarter. Amundi now owns 889,520 shares of the technology company's stock valued at $79,639,000 after acquiring an additional 372,468 shares during the period. Institutional investors own 84.27% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TWLO. KeyCorp initiated coverage on Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 target price on the stock. Jefferies Financial Group set a $132.00 price target on shares of Twilio and gave the company a "hold" rating in a report on Sunday, June 15th. Wells Fargo & Company assumed coverage on Twilio in a report on Tuesday. They issued an "overweight" rating and a $130.00 price target on the stock. Royal Bank Of Canada restated an "underperform" rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, September 17th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $140.00 price target on shares of Twilio in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and an average price target of $130.22.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 13,681 shares of the firm's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $100.59, for a total value of $1,376,171.79. Following the transaction, the chief executive officer owned 233,305 shares of the company's stock, valued at $23,468,149.95. This trade represents a 5.54% 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 8,363 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $100.59, for a total transaction of $841,234.17. Following the sale, the chief financial officer owned 137,653 shares in the company, valued at approximately $13,846,515.27. The trade was a 5.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,851 shares of company stock worth $2,408,840 in the last quarter. Corporate insiders own 0.21% of the company's stock.

Twilio Stock Performance

Shares of TWLO opened at $105.31 on Friday. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.12. The business's 50 day moving average price is $108.40 and its 200-day moving average price is $108.58. Twilio Inc. has a 52 week low of $65.50 and a 52 week high of $151.95. The stock has a market cap of $16.16 billion, a P/E ratio of 877.63, a P/E/G ratio of 3.25 and a beta of 1.25.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.87 earnings per share. The firm's quarterly revenue was up 13.5% compared to the same quarter last year. Twilio has set its Q3 2025 guidance at 1.010-1.060 EPS. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

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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