Arizona State Retirement System Has $4.13 Million Holdings in Twilio Inc. (NYSE:TWLO)

Arizona State Retirement System cut its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 4.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,139 shares of the technology company's stock after selling 2,175 shares during the period. Arizona State Retirement System's holdings in Twilio were worth $4,126,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. purchased a new position in Twilio in the 1st quarter worth approximately $28,000. Cloud Capital Management LLC bought a new stake in Twilio in the 1st quarter worth approximately $34,000. UMB Bank n.a. bought a new position in shares of Twilio during the 1st quarter valued at approximately $37,000. CX Institutional bought a new position in shares of Twilio during the 1st quarter valued at approximately $39,000. Finally, AdvisorNet Financial Inc increased its position in shares of Twilio by 1,778.6% during the 1st quarter. AdvisorNet Financial Inc now owns 526 shares of the technology company's stock valued at $52,000 after purchasing an additional 498 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TWLO has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $132.00 price objective on Twilio and gave the company a "hold" rating in a report on Sunday, June 15th. Scotiabank boosted their price objective on Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. UBS Group lowered their target price on Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada reiterated an "underperform" rating and issued a $75.00 target price on shares of Twilio in a report on Wednesday, March 19th. Finally, Mizuho lowered their target price on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.22.

Twilio Stock Performance

Shares of TWLO traded up $3.75 during midday trading on Thursday, reaching $125.91. 1,214,427 shares of the stock were exchanged, compared to its average volume of 2,890,439. The business's 50-day moving average price is $117.58 and its 200 day moving average price is $112.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78. Twilio Inc. has a twelve month low of $56.16 and a twelve month high of $151.95. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of -599.56, a PEG ratio of 3.92 and a beta of 1.30.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. Twilio's revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. On average, sell-side analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the sale, the chief financial officer directly owned 147,823 shares in the company, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 13,595 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the sale, the chief executive officer directly owned 246,986 shares in the company, valued at approximately $28,912,181.16. This trade represents a 5.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,888 shares of company stock worth $6,753,409. Corporate insiders own 0.21% of the company's stock.

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.