Public Employees Retirement System of Ohio Has $5.77 Million Position in Twilio Inc. (NYSE:TWLO)

Public Employees Retirement System of Ohio trimmed its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 15.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 53,357 shares of the technology company's stock after selling 9,443 shares during the period. Public Employees Retirement System of Ohio's holdings in Twilio were worth $5,767,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after purchasing an additional 85 shares during the period. Allworth Financial LP boosted its stake in Twilio by 6.9% during the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after purchasing an additional 94 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock worth $120,000 after acquiring an additional 104 shares during the period. Freestone Capital Holdings LLC lifted its stake in Twilio by 3.3% during the fourth 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 last quarter. Finally, Harbour Investments Inc. lifted its stake in Twilio by 3.4% during the fourth quarter. Harbour Investments Inc. now owns 4,061 shares of the technology company's stock valued at $439,000 after purchasing an additional 135 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on TWLO shares. Scotiabank increased their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Twilio in a report on Friday, May 16th. Royal Bank of Canada reissued an "underperform" rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, March 19th. Mizuho cut their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Robert W. Baird lowered 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. One equities 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $124.41.

Twilio Stock Performance

TWLO stock traded up $0.74 during trading on Friday, reaching $117.97. 2,757,890 shares of the company's stock were exchanged, compared to its average volume of 2,681,008. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The company's fifty day moving average price is $99.68 and its 200-day moving average price is $109.47. The firm has a market cap of $18.01 billion, a PE ratio of -184.33, a P/E/G ratio of 4.30 and a beta of 1.44.

Twilio (NYSE:TWLO - Get Free Report) last posted 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 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts expect that Twilio Inc. will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 14,545 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $91.61, for a total value of $1,332,467.45. Following the completion of the transaction, the chief executive officer now directly owns 280,589 shares of the company's stock, valued at approximately $25,704,758.29. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,784 shares of company stock worth $4,226,942 in the last 90 days. 4.50% of the stock is owned by company insiders.

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.