Ensign Peak Advisors Inc Has $14.06 Million Stock Position in Twilio Inc. (NYSE:TWLO)

Ensign Peak Advisors Inc lessened its holdings in Twilio Inc. (NYSE:TWLO) by 25.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 247,533 shares of the technology company’s stock after selling 85,503 shares during the quarter. Ensign Peak Advisors Inc owned 0.15% of Twilio worth $14,062,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TWLO. Tidal Investments LLC raised its stake in Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Twilio by 3.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after purchasing an additional 201 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after acquiring an additional 205 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Twilio by 0.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock valued at $3,413,000 after acquiring an additional 220 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its position in 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 acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Insider Activity

In other Twilio news, insider Dana Wagner sold 4,237 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.28, for a total value of $238,458.36. Following the completion of the sale, the insider now directly owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Twilio news, CFO Aidan Viggiano sold 6,797 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $56.33, for a total value of $382,875.01. Following the transaction, the chief financial officer now directly owns 195,048 shares in the company, valued at $10,987,053.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,237 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $56.28, for a total transaction of $238,458.36. Following the sale, the insider now owns 160,137 shares of the company’s stock, valued at approximately $9,012,510.36. The disclosure for this sale can be found here. Insiders sold a total of 47,030 shares of company stock worth $2,677,475 over the last quarter. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TWLO shares. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Morgan Stanley cut shares of Twilio from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $70.00 to $60.00 in a research report on Friday, June 14th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Sanford C. Bernstein lifted their target price on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.52.

Twilio Price Performance

Shares of NYSE TWLO opened at $63.03 on Tuesday. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of -15.72, a PEG ratio of 3.43 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The firm’s 50-day simple moving average is $60.04 and its 200 day simple moving average is $59.44.

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

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.