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

Maryland State Retirement & Pension System reduced its stake in Twilio Inc. (NYSE:TWLO) by 17.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,167 shares of the technology company’s stock after selling 1,783 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Twilio were worth $883,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its stake in shares of Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio during the fourth quarter valued at about $44,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Twilio in the third quarter valued at about $46,000. Institutional investors own 84.27% of the company’s stock.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred 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 in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,277 shares of company stock worth $2,441,324. Insiders own 4.50% of the company’s stock.

Twilio Price Performance

Shares of Twilio stock opened at $103.44 on Monday. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of -161.62, a P/E/G ratio of 4.30 and a beta of 1.47. The firm’s 50-day moving average price is $121.32 and its two-hundred day moving average price is $99.40. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95.

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

Analyst Ratings Changes

Several analysts recently weighed in on TWLO shares. Mizuho increased their target price on Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Tigress Financial increased their price objective on Twilio from $135.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Scotiabank boosted their target price on shares of Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research 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, Piper Sandler restated an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and a consensus target price of $135.35.

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.