Twilio Inc. (NYSE:TWLO) Shares Sold by Utah Retirement Systems

Utah Retirement Systems lowered its stake in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,419 shares of the technology company's stock after selling 2,800 shares during the quarter. Utah Retirement Systems' holdings in Twilio were worth $2,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TWLO. JFS Wealth Advisors LLC lifted its stake in Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust grew its position in Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 166 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Twilio during the 4th quarter valued at about $44,000. Private Trust Co. NA lifted its holdings in shares of Twilio by 395.6% in the 4th quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after buying an additional 360 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Twilio in the fourth quarter worth about $75,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Trading Down 2.0 %

Shares of TWLO traded down $2.11 during trading on Tuesday, reaching $100.94. 2,808,930 shares of the company traded hands, compared to its average volume of 2,700,600. The stock has a 50-day simple moving average of $97.04 and a 200-day simple moving average of $105.59. 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 twelve month low of $52.51 and a twelve month high of $151.95. The stock has a market cap of $15.41 billion, a PE ratio of -157.72, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44.

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 analysts' consensus estimates 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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TWLO shares. Mizuho decreased their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Robert W. Baird decreased their target price on shares of Twilio from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. UBS Group lowered their target price on shares of Twilio from $175.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday. Finally, JMP Securities restated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.21.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares of the company's stock, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 7,524 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 4.50% of the company's stock.

Twilio Company 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.