Teacher Retirement System of Texas Decreases Stock Position in Twilio Inc. (NYSE:TWLO)

Teacher Retirement System of Texas reduced its position in Twilio Inc. (NYSE:TWLO - Free Report) by 51.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,489 shares of the technology company's stock after selling 117,053 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Twilio worth $10,818,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. purchased a new stake in Twilio during the 1st quarter valued at $37,000. CX Institutional purchased a new stake in Twilio during the 1st quarter valued at $39,000. AdvisorNet Financial Inc raised its stake in 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 buying an additional 498 shares during the last quarter. Generali Investments Management Co LLC bought a new stake in shares of Twilio during the 1st quarter valued at $65,000. Finally, MV Capital Management Inc. grew its position in shares of Twilio by 235.0% during the 1st quarter. MV Capital Management Inc. now owns 727 shares of the technology company's stock valued at $71,000 after acquiring an additional 510 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Up 3.3%

Shares of TWLO stock opened at $120.41 on Friday. The company's fifty day simple moving average is $114.21 and its two-hundred day simple moving average is $111.82. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. The stock has a market cap of $18.38 billion, a P/E ratio of -573.38, a PEG ratio of 3.74 and a beta of 1.30. Twilio Inc. has a 52 week low of $55.38 and a 52 week high of $151.95.

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

Insider Activity

In other news, Director Erika Rottenberg sold 4,100 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the sale, the director directly owned 33,488 shares in the company, valued at approximately $4,019,564.64. This represents a 10.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 7,964 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $124.33, for a total transaction of $990,164.12. Following the completion of the sale, the chief financial officer directly owned 156,120 shares in the company, valued at $19,410,399.60. This trade represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,996 shares of company stock worth $4,190,814. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TWLO. Scotiabank boosted their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. KeyCorp began coverage on shares of Twilio in a research report on Friday, June 6th. They set an "overweight" rating and a $146.00 price objective for the company. JMP Securities reissued a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a research report on Tuesday, April 29th. Piper Sandler boosted their price objective on shares of Twilio from $106.00 to $121.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Robert W. Baird cut their price objective on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Twilio has an average rating of "Moderate Buy" and an average target price of $126.39.

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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