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

California Public Employees Retirement System decreased its holdings in shares of Twilio Inc. (NYSE:TWLO) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,507 shares of the technology company’s stock after selling 47,320 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Twilio worth $28,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its position in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Geode Capital Management LLC boosted its stake in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after buying an additional 33,824 shares during the period. Norges Bank purchased a new stake in shares of Twilio in the 4th quarter valued at approximately $222,146,000. Bank of New York Mellon Corp boosted its position in shares of Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company’s stock worth $109,056,000 after purchasing an additional 99,786 shares during the period. Finally, Schroder Investment Management Group raised its position in Twilio by 3,999.9% in the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company’s stock valued at $56,687,000 after purchasing an additional 509,153 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Trading Down 11.3 %

NYSE:TWLO opened at $89.02 on Friday. 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. The stock’s 50 day moving average price is $119.24 and its 200 day moving average price is $101.42. The company has a market capitalization of $13.59 billion, a PE ratio of -139.09, a P/E/G ratio of 4.30 and a beta of 1.50.

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). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, research analysts anticipate that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TWLO shares. Scotiabank increased their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 24th. Needham & Company LLC raised their price objective on shares of Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Barclays upped their target price on shares of Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Jefferies Financial Group raised their price target on shares of Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,857 shares of company stock valued at $4,318,654. 4.50% of the stock is owned by company insiders.

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.