Teacher Retirement System of Texas Buys 14,109 Shares of Twilio Inc. (NYSE:TWLO)

Teacher Retirement System of Texas raised its stake in shares of Twilio Inc. (NYSE:TWLO) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227,542 shares of the technology company’s stock after purchasing an additional 14,109 shares during the period. Teacher Retirement System of Texas owned 0.15% of Twilio worth $24,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. M&T Bank Corp boosted its holdings in shares of Twilio by 1.0% during the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock valued at $943,000 after purchasing an additional 85 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock valued at $165,000 after purchasing an additional 94 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after purchasing an additional 104 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 112 shares during the last quarter. Finally, Freestone Capital Holdings LLC boosted its holdings in shares of Twilio by 3.3% during the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company’s stock valued at $423,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TWLO. Barclays increased their price target on shares of Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group increased their price target on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 14th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the company from $115.00 to $160.00 in a report on Friday, January 24th. Oppenheimer increased their price target on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Tigress Financial increased their price target on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.35.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock valued at $2,441,324 over the last ninety days. 4.50% of the stock is owned by company insiders.

Twilio Stock Performance

Shares of TWLO stock opened at $103.44 on Friday. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of -161.62, a PEG ratio of 4.30 and a beta of 1.47. The company’s 50 day moving average is $121.32 and its 200 day moving average is $98.86. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, sell-side analysts anticipate that Twilio Inc. will post 1.44 EPS for the current fiscal year.

About Twilio

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.