New York State Common Retirement Fund Has $49.09 Million Stock Position in Twilio Inc. (NYSE:TWLO)

New York State Common Retirement Fund reduced its stake in shares of Twilio Inc. (NYSE:TWLO) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 647,081 shares of the technology company’s stock after selling 16,918 shares during the quarter. New York State Common Retirement Fund’s holdings in Twilio were worth $49,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of TWLO. Vanguard Group Inc. grew its holdings in shares of Twilio by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,567,835 shares of the technology company’s stock worth $1,028,245,000 after purchasing an additional 445,877 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Twilio by 1.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,135,620 shares of the technology company’s stock valued at $359,118,000 after purchasing an additional 111,093 shares in the last quarter. Northern Trust Corp lifted its position in Twilio by 3.2% in the third quarter. Northern Trust Corp now owns 1,254,309 shares of the technology company’s stock worth $73,415,000 after purchasing an additional 38,776 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Twilio by 73.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,212,453 shares of the technology company’s stock worth $70,965,000 after buying an additional 515,068 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Twilio by 10.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,185,244 shares of the technology company’s stock valued at $69,372,000 after buying an additional 113,042 shares during the period. 84.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TWLO. Piper Sandler upgraded shares of Twilio from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $75.00 to $82.00 in a research report on Friday, January 12th. The Goldman Sachs Group lifted their price objective on Twilio from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Stifel Nicolaus cut their target price on Twilio from $70.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, March 6th. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Robert W. Baird increased their price objective on Twilio from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Twilio currently has a consensus rating of “Hold” and an average price target of $68.90.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 1,694 shares of Twilio stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 458 shares of Twilio stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 171,744 shares in the company, valued at approximately $9,567,858.24. The disclosure for this sale can be found here. In the last ninety days, 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 %

TWLO stock opened at $60.98 on Thursday. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio Inc. has a twelve month low of $45.02 and a twelve month high of $78.16. The company has a market cap of $11.04 billion, a P/E ratio of -11.01 and a beta of 1.35. The business has a fifty day moving average of $60.08 and a 200-day moving average of $64.01.

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