New York State Teachers Retirement System Sells 7,865 Shares of Twilio Inc. (NYSE:TWLO)

New York State Teachers Retirement System trimmed its position in shares of Twilio Inc. (NYSE:TWLO) by 49.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,152 shares of the technology company’s stock after selling 7,865 shares during the period. New York State Teachers Retirement System’s holdings in Twilio were worth $881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC increased its holdings in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the last quarter. Brooklyn Investment Group bought a new stake in Twilio in the 3rd quarter valued at $46,000. Venturi Wealth Management LLC increased its holdings in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank increased its holdings in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after acquiring an additional 532 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Twilio by 15,540.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company’s stock valued at $85,000 after acquiring an additional 777 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Twilio Price Performance

Twilio stock opened at $114.16 on Monday. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of -178.37, a price-to-earnings-growth ratio of 4.30 and a beta of 1.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The firm has a 50-day moving average of $122.09 and a two-hundred day moving average of $92.81.

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

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,406 shares of company stock valued at $2,656,889. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TWLO. Mizuho boosted their target price on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Tigress Financial boosted their target price on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC boosted their target price on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, 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 report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.91.

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.