Twilio Inc. $TWLO Shares Bought by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its Twilio stake by 16.2% in the third quarter, acquiring 22,311 additional shares for a total position of 160,425 shares valued at approximately $46.9 million. Institutional investors collectively own 84.27% of Twilio.
• Analyst sentiment remains positive, with Twilio carrying a consensus “Moderate Buy” rating and an average price target of $250.39, although individual targets range from $211 to $290.
• Twilio reported quarterly EPS of $1.47, beating estimates of $1.32, while revenue rose 22% year over year to $1.50 billion. The stock traded at $279.03, near its 52-week high of $308.40, as the CEO and CFO sold shares to cover tax obligations tied to equity awards.

Congress Asset Management Co. increased its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 16.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 160,425 shares of the technology company's stock after acquiring an additional 22,311 shares during the period. Congress Asset Management Co. owned 0.10% of Twilio worth $46,918,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TWLO. Continuum Advisory LLC bought a new stake in Twilio during the second quarter worth approximately $33,000. SHP Wealth Management bought a new position in shares of Twilio in the fourth quarter valued at approximately $26,000. Osbon Capital Management LLC bought a new position in shares of Twilio in the fourth quarter valued at approximately $30,000. Hilltop National Bank acquired a new stake in shares of Twilio in the second quarter worth $50,000. Finally, Reflection Asset Management acquired a new stake in shares of Twilio in the fourth quarter worth $37,000. 84.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TWLO. Piper Sandler lifted their target price on shares of Twilio from $192.00 to $247.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Morgan Stanley restated an "overweight" rating and set a $261.00 price target on shares of Twilio in a report on Friday, August 7th. Wells Fargo & Company raised their price target on Twilio from $225.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. HSBC lowered Twilio from a "hold" rating to a "reduce" rating and set a $211.00 price objective on the stock. in a research note on Thursday, September 24th. Finally, Rosenblatt Securities boosted their price objective on Twilio from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.39.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 13,898 shares of the company's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $294.08, for a total value of $4,087,123.84. Following the completion of the transaction, the chief executive officer directly owned 193,305 shares in the company, valued at approximately $56,847,134.40. This represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Aidan Viggiano sold 9,084 shares of the firm's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total value of $2,676,600.60. Following the completion of the transaction, the chief financial officer directly owned 99,246 shares of the company's stock, valued at approximately $29,242,833.90. This trade represents a 8.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 524,376 shares of company stock valued at $130,630,590 in the last quarter. Corporate insiders own 0.21% of the company's stock.

Twilio Stock Performance

NYSE TWLO traded down $21.88 during midday trading on Tuesday, hitting $279.03. The company had a trading volume of 4,047,255 shares, compared to its average volume of 2,653,223. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.11. The stock has a market cap of $42.85 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 6.04 and a beta of 1.35. The firm has a fifty day simple moving average of $241.75 and a two-hundred day simple moving average of $200.30. Twilio Inc. has a fifty-two week low of $104.50 and a fifty-two week high of $308.40.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $1.47 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 during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The firm'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. Equities analysts forecast that Twilio Inc. will post 3.12 earnings per share for the current fiscal year.

Twilio Profile

Twilio Inc is a communications technology company that provides a cloud-based platform for businesses to engage with customers through digital channels. Its software and application programming interfaces (APIs) support communications capabilities such as voice calling, messaging, video, email, authentication and contact-center interactions.

The company's offerings include programmable communications services, customer data and engagement tools, and contact-center solutions. Twilio also provides email services through SendGrid and customer data platform capabilities through Segment, which it acquired in 2020.

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