Illinois Municipal Retirement Fund Sells 39,689 Shares of Twilio Inc. (NYSE:TWLO)

Illinois Municipal Retirement Fund lessened its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 46.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,576 shares of the technology company's stock after selling 39,689 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Twilio were worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. M&T Bank Corp grew its stake in Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock valued at $943,000 after purchasing an additional 85 shares during the period. Freestone Capital Holdings LLC grew its stake in Twilio by 3.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock valued at $423,000 after purchasing an additional 124 shares during the period. Harbour Investments Inc. lifted its position in shares of Twilio by 3.4% during the 4th quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after buying an additional 135 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Twilio by 6.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,213 shares of the technology company's stock valued at $239,000 after buying an additional 140 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 166 shares during the last quarter. Institutional investors own 84.27% of the company's stock.

Twilio Stock Performance

NYSE:TWLO opened at $122.92 on Friday. The business's 50-day moving average price is $111.05 and its two-hundred day moving average price is $111.51. Twilio Inc. has a twelve month low of $55.38 and a twelve month high of $151.95. The stock has a market cap of $18.77 billion, a P/E ratio of -585.31, a PEG ratio of 3.82 and a beta of 1.30. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the firm posted $0.80 EPS. The company's revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TWLO shares. Piper Sandler upped their price target on Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen cut Twilio from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group upped their price target on Twilio from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "underperform" rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, March 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Twilio in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.39.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,924 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $112.75, for a total transaction of $216,931.00. Following the transaction, the chief financial officer now directly owns 165,982 shares in the company, valued at approximately $18,714,470.50. This represents a 1.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,884 shares of company stock valued at $4,719,065 in the last 90 days. Corporate insiders own 0.21% of the company's stock.

About Twilio

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.

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