New York State Common Retirement Fund Sells 16,918 Shares of Twilio Inc. (NYSE:TWLO)

New York State Common Retirement Fund trimmed its position in Twilio Inc. (NYSE:TWLO - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 647,081 shares of the technology company's stock after selling 16,918 shares during the quarter. New York State Common Retirement Fund owned about 0.36% of Twilio worth $49,094,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. National Bank of Canada FI raised its holdings in shares of Twilio by 30.5% during the 3rd quarter. National Bank of Canada FI now owns 1,770 shares of the technology company's stock worth $102,000 after acquiring an additional 414 shares in the last quarter. AE Wealth Management LLC lifted its position in Twilio by 54.4% during the third quarter. AE Wealth Management LLC now owns 30,350 shares of the technology company's stock valued at $1,776,000 after purchasing an additional 10,688 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Twilio by 331.4% in the 3rd quarter. SG Americas Securities LLC now owns 26,596 shares of the technology company's stock worth $1,557,000 after buying an additional 20,431 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Twilio by 45.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 985 shares of the technology company's stock worth $58,000 after acquiring an additional 306 shares in the last quarter. Finally, Meridian Wealth Management LLC lifted its stake in shares of Twilio by 45.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 15,488 shares of the technology company's stock valued at $907,000 after purchasing an additional 4,848 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 10,961 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares of the company's stock, valued at $20,874,561.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Twilio news, insider Dana Wagner sold 1,666 shares of the company's stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares of the company's stock, valued at approximately $8,208,291.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the transaction, the chief executive officer now owns 335,982 shares in the company, valued at $20,874,561.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,958 shares of company stock valued at $1,910,447. 4.20% of the stock is owned by corporate insiders.

Twilio Trading Down 1.6 %

TWLO stock traded down $0.97 during mid-day trading on Thursday, hitting $60.01. 2,265,863 shares of the company were exchanged, compared to its average volume of 3,248,928. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $60.08 and a 200-day simple moving average of $64.01. Twilio Inc. has a 12-month low of $45.02 and a 12-month high of $78.16. The firm has a market capitalization of $10.86 billion, a P/E ratio of -11.01 and a beta of 1.35.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. On average, equities research analysts predict that Twilio Inc. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TWLO has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Twilio from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Northland Securities cut Twilio from an "outperform" rating to a "market perform" rating and set a $66.00 target price on the stock. in a research note on Thursday, February 15th. UBS Group decreased their price target on Twilio from $82.00 to $74.00 and set a "buy" rating for the company in a research note on Wednesday, March 6th. Oppenheimer reaffirmed an "outperform" rating and issued a $75.00 price objective on shares of Twilio in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded Twilio from a "buy" rating to a "hold" rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $68.90.

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.