Twilio Inc. $TWLO Stock Position Lifted by Truist Financial Corp

Truist Financial Corp lifted its stake in shares of Twilio Inc. (NYSE:TWLO) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,681 shares of the technology company’s stock after purchasing an additional 22,974 shares during the quarter. Truist Financial Corp owned about 0.20% of Twilio worth $30,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TWLO. Sage Rhino Capital LLC raised its position in shares of Twilio by 16.6% during the 3rd quarter. Sage Rhino Capital LLC now owns 7,576 shares of the technology company’s stock worth $758,000 after buying an additional 1,076 shares in the last quarter. Mutual of America Capital Management LLC bought a new stake in Twilio during the third quarter worth approximately $7,092,000. Retirement Systems of Alabama acquired a new stake in Twilio in the third quarter worth approximately $36,929,000. GHP Investment Advisors Inc. boosted its stake in Twilio by 7.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,373 shares of the technology company’s stock valued at $137,000 after purchasing an additional 99 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in Twilio by 188.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 56,204 shares of the technology company’s stock valued at $5,625,000 after purchasing an additional 36,693 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 13,336 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $134.28, for a total value of $1,790,758.08. Following the completion of the sale, the chief executive officer owned 193,781 shares in the company, valued at $26,020,912.68. This represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Stafman sold 1,000,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $129.00, for a total transaction of $129,000,000.00. Following the transaction, the director owned 2,295,000 shares in the company, valued at approximately $296,055,000. This represents a 30.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,043,438 shares of company stock worth $135,022,770 in the last 90 days. Company insiders own 0.21% of the company’s stock.

Twilio Price Performance

Shares of NYSE:TWLO opened at $123.45 on Friday. The company’s fifty day moving average is $132.23 and its two-hundred day moving average is $120.07. The company has a market cap of $18.94 billion, a P/E ratio of 301.10, a price-to-earnings-growth ratio of 2.65 and a beta of 1.30. Twilio Inc. has a 12-month low of $77.51 and a 12-month high of $151.95. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.13.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.18. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. Twilio had a return on equity of 3.36% and a net margin of 1.37%.Twilio’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 earnings per share. Equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on TWLO. The Goldman Sachs Group reaffirmed a “buy” rating and set a $150.00 target price on shares of Twilio in a research note on Friday, October 31st. UBS Group lifted their price objective on shares of Twilio from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Stifel Nicolaus boosted their target price on shares of Twilio from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, October 31st. Rosenblatt Securities increased their target price on shares of Twilio from $140.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen lowered shares of Twilio from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $146.44.

Twilio 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.