State of New Jersey Common Pension Fund D Sells 2,285 Shares of Twilio Inc. (NYSE:TWLO)

State of New Jersey Common Pension Fund D decreased its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,354 shares of the technology company's stock after selling 2,285 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Twilio were worth $6,199,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. True Wealth Design LLC boosted its holdings in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after acquiring an additional 416 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 266 shares during the last quarter. Brooklyn Investment Group acquired a new position in Twilio in the third quarter worth $46,000. Venturi Wealth Management LLC grew its holdings in shares of Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after purchasing an additional 493 shares during the last quarter. Finally, Huntington National Bank increased its position in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company's stock valued at $51,000 after acquiring an additional 532 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 4,629 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company's stock, valued at $13,813,360. This represents a 3.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company's stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,406 shares of company stock valued at $2,656,889. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

TWLO has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Barclays raised their target price on Twilio from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Oppenheimer upped their price target on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Wells Fargo & Company increased their target price on shares of Twilio from $140.00 to $155.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, JMP Securities reissued a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.91.

Twilio Stock Performance

NYSE TWLO traded down $3.84 during trading on Friday, reaching $114.16. 3,304,604 shares of the company's stock were exchanged, compared to its average volume of 3,993,473. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The business has a 50 day moving average price of $122.06 and a 200-day moving average price of $91.96. The stock has a market capitalization of $17.51 billion, a P/E ratio of -178.37, a PEG ratio of 4.54 and a beta of 1.43. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $1.19 billion. Sell-side analysts forecast that Twilio Inc. will post 1.4 earnings per share 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.