Twilio Inc. (NYSE:TWLO) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in shares of Twilio Inc. (NYSE:TWLO) by 10.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,181 shares of the technology company’s stock after selling 9,647 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of Twilio worth $7,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Twilio by 6.6% during the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 623 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Twilio during the 4th quarter worth approximately $97,000. Farther Finance Advisors LLC boosted its position in shares of Twilio by 61.7% during the 4th quarter. Farther Finance Advisors LLC now owns 883 shares of the technology company’s stock worth $95,000 after purchasing an additional 337 shares during the period. Xponance Inc. boosted its position in shares of Twilio by 1.1% during the 4th quarter. Xponance Inc. now owns 17,623 shares of the technology company’s stock worth $1,905,000 after purchasing an additional 193 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in Twilio by 6.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 71,598 shares of the technology company’s stock valued at $7,738,000 after buying an additional 4,471 shares during the period. Institutional investors and hedge funds own 84.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Tigress Financial reissued a “buy” rating and issued a $170.00 price target on shares of Twilio in a research report on Thursday, May 8th. UBS Group reduced their target price on shares of Twilio from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Morgan Stanley reduced their target price on shares of Twilio from $160.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company reduced their target price on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Finally, Piper Sandler set a $140.00 target price on shares of Twilio and gave the company an “overweight” rating in a report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Twilio has an average rating of “Moderate Buy” and an average price target of $127.22.

Insider Activity

In related news, CEO Khozema Shipchandler sold 13,595 shares of the firm’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the sale, the chief executive officer directly owned 246,986 shares in the company, valued at $28,912,181.16. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the sale, the chief financial officer owned 147,823 shares of the company’s stock, valued at $17,302,682.15. This trade represents a 5.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,888 shares of company stock valued at $6,753,409 over the last three months. 0.21% of the stock is owned by insiders.

Twilio Price Performance

TWLO stock opened at $131.13 on Friday. Twilio Inc. has a 52-week low of $56.16 and a 52-week high of $151.95. The stock’s fifty day simple moving average is $118.52 and its 200-day simple moving average is $112.72. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of -624.43, a price-to-earnings-growth ratio of 4.07 and a beta of 1.30.

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