Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 1,469 Shares of Twilio Inc. $TWLO

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its stake in Twilio Inc. (NYSE:TWLO) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,944 shares of the technology company’s stock after selling 1,469 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Twilio were worth $1,112,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Hilltop National Bank acquired a new position in Twilio during the second quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Twilio by 694.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,579 shares of the technology company’s stock worth $7,285,000 after purchasing an additional 51,208 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Twilio by 58.2% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,418,754 shares of the technology company’s stock valued at $176,436,000 after purchasing an additional 521,713 shares during the last quarter. Ninety One SA PTY Ltd acquired a new position in Twilio in the second quarter valued at about $3,136,000. Finally, Ninety One UK Ltd bought a new stake in Twilio during the second quarter worth about $212,059,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 13,681 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $100.59, for a total value of $1,376,171.79. Following the completion of the transaction, the chief executive officer directly owned 233,305 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 8,363 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,851 shares of company stock valued at $2,408,840. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group set a $132.00 target price on shares of Twilio and gave the company a “hold” rating in a research note on Sunday, June 15th. UBS Group decreased their price objective on shares of Twilio from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Piper Sandler upped their target price on shares of Twilio from $140.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Twilio in a report on Saturday, September 27th. Finally, Wells Fargo & Company initiated coverage on Twilio in a report on Tuesday. They set an “overweight” rating and a $130.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.22.

Twilio Stock Down 2.4%

Shares of TWLO stock opened at $102.84 on Friday. The firm’s fifty day moving average price is $107.84 and its two-hundred day moving average price is $108.65. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1 year low of $66.50 and a 1 year high of $151.95. The firm has a market capitalization of $15.78 billion, a P/E ratio of 857.09, a PEG ratio of 3.25 and a beta of 1.25.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.78%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. Twilio has set its Q3 2025 guidance at 1.010-1.060 EPS. On average, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Twilio Company Profile

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.