Federated Hermes Inc. Boosts Stock Holdings in Twilio Inc. $TWLO

Federated Hermes Inc. grew its position in Twilio Inc. (NYSE:TWLO) by 19.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,294 shares of the technology company’s stock after purchasing an additional 11,577 shares during the period. Federated Hermes Inc.’s holdings in Twilio were worth $7,036,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TWLO. GFG Capital LLC bought a new stake in Twilio in the 2nd quarter worth about $25,000. CENTRAL TRUST Co purchased a new position in shares of Twilio in the 2nd quarter worth approximately $25,000. Hilltop National Bank bought a new position in shares of Twilio in the second quarter valued at approximately $26,000. SJS Investment Consulting Inc. increased its position in shares of Twilio by 1,564.7% during the third quarter. SJS Investment Consulting Inc. now owns 283 shares of the technology company’s stock valued at $28,000 after acquiring an additional 266 shares during the last quarter. Finally, First Horizon Corp bought a new stake in Twilio during the third quarter worth $28,000. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Andrew Stafman sold 1,000,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $129.00, for a total value of $129,000,000.00. Following the completion of the transaction, the director directly owned 2,295,000 shares of the company’s stock, valued at $296,055,000. This trade represents a 30.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 8,109 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $143.38, for a total value of $1,162,668.42. Following the sale, the chief financial officer owned 119,449 shares in the company, valued at approximately $17,126,597.62. The trade was a 6.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,043,438 shares of company stock valued at $135,022,770. Company insiders own 4.50% of the company’s stock.

Twilio Price Performance

TWLO opened at $119.79 on Tuesday. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 292.17, a PEG ratio of 2.35 and a beta of 1.32. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $132.13 and a 200-day moving average price of $119.98. Twilio Inc. has a twelve month low of $77.51 and a twelve month high of $149.19.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Monness Crespi & Hardt upped their price objective on Twilio from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, October 31st. KeyCorp increased their price target on shares of Twilio from $146.00 to $156.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Bank of America lifted their price objective on shares of Twilio from $100.00 to $110.00 and gave the stock an “underperform” rating in a research report on Friday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $170.00 target price on shares of Twilio in a research note on Monday, January 5th. Finally, FBN Securities upgraded shares of Twilio to a “strong-buy” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.44.

Twilio Company Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.