Ontario Teachers Pension Plan Board Cuts Stake in Twilio Inc. (NYSE:TWLO)

Key Points

• The Ontario Teachers Pension Plan Board reduced its holdings in Twilio Inc. by 47.0%, now owning 8,330 shares valued at approximately $816,000.
• Analysts have adjusted their price targets for Twilio; UBS Group lowered it from $150.00 to $135.00, while Morgan Stanley decreased it from $160.00 to $111.00, indicating a generally cautious outlook.
• Recent insider trading activities include CEO Khozema Shipchandler selling 13,595 shares, resulting in a 5.22% decrease in his position, while other insiders have also sold significant amounts of stock valued over $6.7 million in the last three months.

Ontario Teachers Pension Plan Board lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 47.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,330 shares of the technology company's stock after selling 7,383 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Twilio were worth $816,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. LRI Investments LLC acquired a new position in Twilio in the 1st quarter valued at about $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Twilio in the first quarter valued at approximately $28,000. TCTC Holdings LLC increased its stake in Twilio by 118.1% during the 1st quarter. TCTC Holdings LLC now owns 338 shares of the technology company's stock worth $33,000 after buying an additional 183 shares during the period. Cloud Capital Management LLC acquired a new stake in Twilio during the 1st quarter worth approximately $34,000. Finally, UMB Bank n.a. purchased a new position in Twilio in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

Insider Activity at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $120.03, for a total value of $492,123.00. Following the transaction, the director directly owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 13,595 shares of Twilio stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total value of $1,591,430.70. Following the completion of the transaction, the chief executive officer owned 246,986 shares in the company, valued at $28,912,181.16. The trade was a 5.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,888 shares of company stock worth $6,753,409. 4.50% of the stock is owned by company insiders.

Twilio Price Performance

TWLO stock traded down $6.34 during trading on Monday, hitting $92.33. The stock had a trading volume of 7,861,685 shares, compared to its average volume of 3,004,046. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 769.45, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. The company's 50 day moving average price is $121.93 and its two-hundred day moving average price is $114.35. Twilio Inc. has a 1-year low of $56.85 and a 1-year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a net margin of 0.43% and a return on equity of 2.77%. Twilio's revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 earnings per share. On average, sell-side analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TWLO. UBS Group reduced their price objective on Twilio from $150.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday. KeyCorp initiated coverage on Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Twilio in a research note on Friday, May 16th. Finally, Piper Sandler lifted their target price on Twilio from $140.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and an average price target of $126.74.

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.