California State Teachers Retirement System Buys 45,485,258 Shares of Twilio Inc. $TWLO

Key Points

• California State Teachers Retirement System increased its Twilio stake by 19,544.7%, purchasing 45.5 million additional shares and bringing its total holdings to 45.7 million shares, or 29.77% of the company.
• Analyst sentiment is broadly positive: Twilio has an average “Buy” rating and a consensus price target of $249.68, with several firms recently raising targets to as high as $275.
• Twilio exceeded quarterly expectations with adjusted earnings of $1.47 per share and revenue of $1.50 billion, while revenue grew 22% year over year. However, insiders sold $133.3 million of stock over the past 90 days, largely through planned or tax-related transactions.

California State Teachers Retirement System grew its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 19,544.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,717,982 shares of the technology company's stock after buying an additional 45,485,258 shares during the quarter. California State Teachers Retirement System owned 29.77% of Twilio worth $9,432,991,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CX Institutional increased its stake in Twilio by 9.5% in the second quarter. CX Institutional now owns 701 shares of the technology company's stock valued at $145,000 after acquiring an additional 61 shares during the last quarter. Affinity Capital Advisors LLC raised its position in Twilio by 2.6% during the second quarter. Affinity Capital Advisors LLC now owns 2,869 shares of the technology company's stock valued at $600,000 after purchasing an additional 74 shares in the last quarter. Wedmont Private Capital lifted its stake in Twilio by 2.1% during the second quarter. Wedmont Private Capital now owns 3,691 shares of the technology company's stock worth $792,000 after purchasing an additional 75 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in Twilio by 4.3% during the second quarter. Everhart Financial Group Inc. now owns 1,896 shares of the technology company's stock worth $391,000 after purchasing an additional 79 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Twilio by 27.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 429 shares of the technology company's stock worth $54,000 after purchasing an additional 93 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on TWLO shares. Weiss Ratings upgraded Twilio from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. Rosenblatt Securities boosted their target price on Twilio from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Piper Sandler upped their target price on Twilio from $192.00 to $247.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Wells Fargo & Company increased their price target on shares of Twilio from $225.00 to $275.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Finally, Wolfe Research raised shares of Twilio to a "buy" rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $249.68.

Twilio Stock Down 3.2%

Shares of NYSE:TWLO opened at $225.44 on Wednesday. The stock's 50-day moving average price is $216.98 and its 200-day moving average price is $179.79. Twilio Inc. has a 12-month low of $98.44 and a 12-month high of $258.35. The stock has a market capitalization of $34.62 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 4.83 and a beta of 1.40. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.15. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.43 billion. Twilio had a return on equity of 5.09% and a net margin of 20.61%.Twilio's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 EPS. Twilio has set its Q3 2026 guidance at 1.420-1.470 EPS. On average, equities analysts anticipate that Twilio Inc. will post 3.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 9,093 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $201.25, for a total value of $1,829,966.25. Following the transaction, the chief financial officer owned 118,252 shares in the company, valued at approximately $23,798,215. This trade represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,458 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $210.43, for a total transaction of $3,042,396.94. Following the completion of the transaction, the chief executive officer owned 207,203 shares in the company, valued at $43,601,727.29. This represents a 6.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 547,354 shares of company stock valued at $133,284,825 in the last ninety days. Company insiders own 0.21% of the company's stock.

Twilio Company Profile

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.

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.