Twilio Inc. $TWLO Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in Twilio Inc. (NYSE:TWLO) by 78.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,996 shares of the technology company’s stock after selling 70,849 shares during the period. Teacher Retirement System of Texas’ holdings in Twilio were worth $2,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Twilio in the 2nd quarter valued at about $4,809,000. Hood River Capital Management LLC increased its stake in Twilio by 36.2% in the 2nd quarter. Hood River Capital Management LLC now owns 133,529 shares of the technology company’s stock valued at $16,606,000 after buying an additional 35,468 shares during the period. Nordea Investment Management AB increased its stake in Twilio by 2.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,152,727 shares of the technology company’s stock valued at $114,777,000 after buying an additional 29,089 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Twilio by 694.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 58,579 shares of the technology company’s stock worth $7,285,000 after buying an additional 51,208 shares in the last quarter. Finally, Securian Asset Management Inc. purchased a new stake in Twilio in the 3rd quarter worth approximately $1,150,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Stock Down 2.9%

Shares of TWLO stock opened at $120.17 on Friday. The stock’s 50 day simple moving average is $132.23 and its 200 day simple moving average is $120.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.68 and a current ratio of 4.68. Twilio Inc. has a twelve month low of $77.51 and a twelve month high of $151.95. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 293.10, a PEG ratio of 2.42 and a beta of 1.30.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, October 30th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.18. Twilio had a return on equity of 3.36% and a net margin of 1.37%.The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Monness Crespi & Hardt upped their price target on shares of Twilio from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Twilio in a research report on Monday, January 5th. Bank of America raised their price target on Twilio from $100.00 to $110.00 and gave the stock an “underperform” rating in a research note on Friday, October 31st. Mizuho set a $150.00 price target on Twilio in a research note on Monday, December 15th. Finally, Wells Fargo & Company increased their price objective on Twilio from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.44.

Insider Activity at Twilio

In related news, Director Andrew Stafman sold 1,000,000 shares of Twilio stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $129.00, for a total value of $129,000,000.00. Following the transaction, the director owned 2,295,000 shares in the company, valued at $296,055,000. This trade represents a 30.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 8,109 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $143.38, for a total transaction of $1,162,668.42. Following the transaction, the chief financial officer directly owned 119,449 shares of the company’s stock, valued at approximately $17,126,597.62. This represents a 6.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,043,438 shares of company stock worth $135,022,770. 0.21% of the stock is owned by insiders.

About Twilio

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.