Twilio Inc. (NYSE:TWLO) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in Twilio Inc. (NYSE:TWLO) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,507 shares of the technology company’s stock after selling 47,320 shares during the quarter. California Public Employees Retirement System’s holdings in Twilio were worth $28,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its holdings in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in Twilio during the fourth quarter worth $44,000. Private Trust Co. NA grew its holdings in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock valued at $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in shares of Twilio in the fourth quarter valued at $75,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Down 11.3 %

Shares of NYSE:TWLO opened at $89.02 on Friday. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The stock has a 50-day simple moving average of $119.24 and a 200-day simple moving average of $101.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market capitalization of $13.59 billion, a P/E ratio of -139.09, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last released 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 during 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 analysts forecast that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Mizuho boosted their price objective on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. 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 research report on Friday, February 14th. Royal Bank of Canada restated an “underperform” rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, March 19th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and increased their target price for the company from $77.00 to $185.00 in a report on Monday, January 27th. Finally, Scotiabank boosted their price target on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,857 shares of company stock valued at $4,318,654 over the last three months. 4.50% of the stock is owned by company insiders.

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.