California State Teachers Retirement System Cuts Stock Position in Twilio Inc. (NYSE:TWLO)

California State Teachers Retirement System cut its holdings in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,744 shares of the technology company's stock after selling 20,405 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Twilio worth $26,128,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. JFS Wealth Advisors LLC grew its position in shares of Twilio by 244.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Twilio in the 4th quarter worth approximately $44,000. Private Trust Co. NA increased its position in shares of Twilio by 395.6% during the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Twilio during the 4th quarter valued at $75,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,924 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the completion of the transaction, the chief financial officer now owns 165,982 shares of the company's stock, valued at $18,714,470.50. The trade was a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,784 shares of company stock worth $4,226,942. 0.21% of the stock is owned by corporate insiders.

Twilio Stock Performance

TWLO stock traded up $2.87 during trading on Monday, reaching $120.57. The company had a trading volume of 1,850,387 shares, compared to its average volume of 2,675,139. The company has a market cap of $18.40 billion, a price-to-earnings ratio of -188.43, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a 50-day simple moving average of $99.68 and a 200-day simple moving average of $109.62.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.22. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. As a group, sell-side analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JMP Securities reissued a "market outperform" rating and issued a $165.00 price objective on shares of Twilio in a research note on Tuesday, April 29th. William Blair reissued an "outperform" rating on shares of Twilio in a research note on Friday, February 14th. Tigress Financial reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Twilio in a research report on Thursday, May 8th. UBS Group decreased their target price on Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Morgan Stanley reduced their price target on shares of Twilio from $160.00 to $111.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $124.41.

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.