Ontario Teachers Pension Plan Board Reduces Stock Holdings in Twilio Inc. (NYSE:TWLO)

Ontario Teachers Pension Plan Board lowered its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 29.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,713 shares of the technology company's stock after selling 6,603 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Twilio were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the period. Norges Bank purchased a new stake in shares of Twilio in the 4th quarter worth approximately $222,146,000. Renaissance Technologies LLC bought a new position in Twilio during the 4th quarter valued at approximately $62,999,000. Schroder Investment Management Group raised its stake in Twilio by 3,999.9% during the fourth quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after buying an additional 509,153 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Twilio by 1,267.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 454,435 shares of the technology company's stock worth $49,115,000 after acquiring an additional 421,199 shares in the last quarter. 84.27% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 over the last quarter. Insiders own 4.50% of the company's stock.

Twilio Price Performance

Shares of TWLO traded down $3.34 during trading hours on Monday, reaching $81.63. 289,293 shares of the stock traded hands, compared to its average volume of 2,631,144. The company has a market cap of $12.46 billion, a P/E ratio of -127.55, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $103.89 and its two-hundred day moving average price is $103.73. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on TWLO. Oppenheimer increased their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Stifel Nicolaus boosted their price target on Twilio from $130.00 to $135.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. William Blair reissued an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and set a $75.00 price target on shares of Twilio in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $132.13.

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.