Twilio Inc. (NYSE:TWLO) Holdings Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in shares of Twilio Inc. (NYSE:TWLO) by 36.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,504 shares of the technology company’s stock after selling 36,318 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Twilio were worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. HHM Wealth Advisors LLC raised its position in shares of Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after buying an additional 260 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Twilio by 0.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after purchasing an additional 220 shares in the last quarter. Choreo LLC bought a new stake in shares of Twilio in the 2nd quarter worth approximately $745,000. Quest Partners LLC raised its holdings in shares of Twilio by 482.6% in the 2nd quarter. Quest Partners LLC now owns 20,017 shares of the technology company’s stock worth $1,137,000 after purchasing an additional 16,581 shares in the last quarter. Finally, Oak Thistle LLC raised its holdings in shares of Twilio by 318.0% in the 2nd quarter. Oak Thistle LLC now owns 14,893 shares of the technology company’s stock worth $846,000 after purchasing an additional 11,330 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 11,241 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $56.29, for a total transaction of $632,755.89. Following the completion of the sale, the chief executive officer now directly owns 300,084 shares of the company’s stock, valued at approximately $16,891,728.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Khozema Shipchandler sold 11,241 shares of Twilio stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $56.29, for a total value of $632,755.89. Following the sale, the chief executive officer now directly owns 300,084 shares in the company, valued at $16,891,728.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,797 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $56.33, for a total transaction of $382,875.01. Following the transaction, the chief financial officer now owns 195,048 shares in the company, valued at $10,987,053.84. The disclosure for this sale can be found here. In the last three months, insiders sold 47,030 shares of company stock valued at $2,677,475. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Barclays dropped their target price on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Piper Sandler reissued an “overweight” rating and issued a $83.00 target price (up from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein lifted their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.52.

Twilio Stock Performance

TWLO stock opened at $60.10 on Wednesday. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of -14.99, a P/E/G ratio of 3.37 and a beta of 1.35. Twilio Inc. has a 12 month low of $49.86 and a 12 month high of $78.16. The firm has a 50 day moving average of $59.63 and a two-hundred day moving average of $59.35.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted ($0.23) earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Twilio Inc. will post 0.54 EPS for the current fiscal year.

Twilio 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.