Teacher Retirement System of Texas Sells 117,053 Shares of Twilio Inc. (NYSE:TWLO)

Teacher Retirement System of Texas cut its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 51.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,489 shares of the technology company's stock after selling 117,053 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Twilio worth $10,818,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Twilio by 6.6% during the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock worth $1,086,000 after buying an additional 623 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Twilio during the fourth quarter worth about $97,000. US Bancorp DE boosted its holdings in Twilio by 23.4% during the fourth quarter. US Bancorp DE now owns 5,907 shares of the technology company's stock worth $638,000 after buying an additional 1,120 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Twilio by 57.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 985 shares of the technology company's stock worth $107,000 after buying an additional 361 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Twilio by 778.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,186 shares of the technology company's stock worth $128,000 after buying an additional 1,051 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TWLO shares. Mizuho cut their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Royal Bank Of Canada reissued an "underperform" rating and set a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. Morgan Stanley reduced their price objective 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. Robert W. Baird reduced their price objective on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, JMP Securities reissued a "market outperform" rating and set a $165.00 price objective on shares of Twilio in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.39.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 20,008 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $124.53, for a total value of $2,491,596.24. Following the transaction, the chief executive officer directly owned 260,581 shares of the company's stock, valued at approximately $32,450,151.93. The trade was a 7.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 7,964 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $124.33, for a total value of $990,164.12. Following the completion of the transaction, the chief financial officer directly owned 156,120 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 33,996 shares of company stock valued at $4,190,814. 0.21% of the stock is currently owned by corporate insiders.

Twilio Stock Up 3.3%

TWLO stock traded up $3.90 during mid-day trading on Friday, hitting $120.41. 1,607,202 shares of the company were exchanged, compared to its average volume of 2,636,759. 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 firm has a market cap of $18.38 billion, a P/E ratio of -573.38, a P/E/G ratio of 3.74 and a beta of 1.30. The firm's 50 day simple moving average is $114.21 and its 200 day simple moving average is $111.82. Twilio Inc. has a 1-year low of $55.38 and a 1-year high of $151.95.

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

Twilio 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.