New York State Teachers Retirement System Reduces Position in Twilio Inc. (NYSE:TWLO)

New York State Teachers Retirement System decreased its position in Twilio Inc. (NYSE:TWLO) by 22.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,312 shares of the technology company’s stock after selling 1,840 shares during the period. New York State Teachers Retirement System’s holdings in Twilio were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after acquiring an additional 2,864,235 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in Twilio during the 4th quarter worth about $301,258,000. Norges Bank acquired a new stake in Twilio during the 4th quarter worth about $222,146,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Twilio by 26.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company’s stock valued at $173,190,000 after buying an additional 331,202 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after buying an additional 1,048,619 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

TWLO opened at $117.34 on Friday. Twilio Inc. has a twelve month low of $56.16 and a twelve month high of $151.95. The firm has a market capitalization of $17.91 billion, a PE ratio of -558.76, a PEG ratio of 3.78 and a beta of 1.30. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $116.14 and its 200 day moving average price is $112.15.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Ratings Changes

TWLO has been the subject of several recent research reports. UBS Group reduced their price target on Twilio from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Piper Sandler lifted their target price on shares of Twilio from $106.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. HSBC raised shares of Twilio from a “reduce” rating to a “hold” rating and increased their price target for the stock from $77.00 to $99.00 in a report on Monday, May 5th. Mizuho cut their price objective on shares of Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Jefferies Financial Group set a $132.00 price objective on shares of Twilio and gave the stock a “hold” rating in a research report on Sunday, June 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $126.39.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 20,008 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the sale, the chief executive officer directly owned 260,581 shares in the company, valued at approximately $32,450,151.93. This trade represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 8,297 shares of the business’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the transaction, the chief financial officer owned 147,823 shares in the company, valued at $17,302,682.15. The trade was a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,888 shares of company stock worth $6,753,409 in the last quarter. Company insiders own 0.21% of the company’s stock.

Twilio 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.