Twilio Inc. (NYSE:TWLO) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in shares of Twilio Inc. (NYSE:TWLO) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 647,081 shares of the technology company’s stock after selling 16,918 shares during the quarter. New York State Common Retirement Fund owned approximately 0.36% of Twilio worth $49,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TWLO. Truvestments Capital LLC lifted its position in shares of Twilio by 123.5% in the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock valued at $26,000 after acquiring an additional 247 shares in the last quarter. Blue Trust Inc. raised its stake in Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after purchasing an additional 564 shares during the last quarter. Friedenthal Financial purchased a new position in Twilio in the 4th quarter valued at about $46,000. Fifth Third Bancorp acquired a new stake in shares of Twilio during the 4th quarter worth about $49,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Twilio by 45.1% during the third quarter. Newbridge Financial Services Group Inc. now owns 985 shares of the technology company’s stock worth $58,000 after buying an additional 306 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In related news, insider Dana Wagner sold 458 shares of Twilio stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $25,515.18. Following the sale, the insider now owns 171,744 shares of the company’s stock, valued at approximately $9,567,858.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Dana Wagner sold 458 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the transaction, the insider now owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,200 shares of Twilio stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $66,852.00. Following the sale, the chief financial officer now owns 241,044 shares in the company, valued at $13,428,561.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,958 shares of company stock worth $1,910,447. 4.20% of the stock is currently owned by company insiders.

Twilio Trading Up 1.1 %

NYSE:TWLO opened at $60.98 on Thursday. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $78.16. The business’s 50-day moving average is $60.08 and its two-hundred day moving average is $64.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The firm has a market capitalization of $11.04 billion, a PE ratio of -11.01 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.17. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. Research analysts predict that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TWLO. Wells Fargo & Company decreased their target price on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 6th. UBS Group lowered their price objective on Twilio from $82.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Northland Securities downgraded Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research report on Thursday, February 15th. HSBC cut Twilio from a “hold” rating to a “reduce” rating and lowered their price target for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Finally, StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $68.90.

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.