Maryland State Retirement & Pension System Has $883,000 Holdings in Twilio Inc. (NYSE:TWLO)

Maryland State Retirement & Pension System decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 17.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,167 shares of the technology company’s stock after selling 1,783 shares during the period. Maryland State Retirement & Pension System’s holdings in Twilio were worth $883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Twilio by 79.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC bought a new position in shares of Twilio in the 4th quarter worth $44,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Twilio during the third quarter worth $46,000. 84.27% of the stock is owned by institutional investors.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,277 shares of company stock worth $2,441,324 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays increased their target price on Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Jefferies Financial Group lifted their price objective on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Tigress Financial upped their target price on shares of Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Piper Sandler reissued an “overweight” rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.35.

Twilio Stock Performance

Shares of TWLO stock opened at $103.44 on Monday. The firm has a market cap of $15.79 billion, a PE ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47. Twilio Inc. has a 12 month low of $52.51 and a 12 month high of $151.95. The company’s fifty day simple moving average is $121.32 and its 200-day simple moving average is $99.40. 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 (NYSE:TWLO) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Equities research analysts expect 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.