Twilio Inc. (NYSE:TWLO) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in Twilio Inc. (NYSE:TWLO - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,542 shares of the technology company's stock after purchasing an additional 14,109 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.15% of Twilio worth $24,593,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal London Asset Management Ltd. increased its position in shares of Twilio by 6.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 71,598 shares of the technology company's stock worth $7,738,000 after purchasing an additional 4,471 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Twilio during the 4th quarter worth $1,992,000. Vinva Investment Management Ltd grew its holdings in shares of Twilio by 26.5% during the fourth quarter. Vinva Investment Management Ltd now owns 177,055 shares of the technology company's stock worth $19,585,000 after buying an additional 37,126 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Twilio in the fourth quarter worth about $340,000. Finally, Xponance Inc. boosted its position in Twilio by 1.1% during the fourth quarter. Xponance Inc. now owns 17,623 shares of the technology company's stock worth $1,905,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Trading Down 1.5 %

Twilio stock traded down $1.64 during trading on Wednesday, hitting $104.25. The company's stock had a trading volume of 1,218,650 shares, compared to its average volume of 3,428,838. The stock's fifty day moving average is $121.24 and its 200 day moving average is $100.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of -162.89, a P/E/G ratio of 4.30 and a beta of 1.47.

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Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, equities research analysts predict that Twilio Inc. will post 1.44 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on TWLO shares. Stifel Nicolaus increased their price target on Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a report on Friday, February 14th. UBS Group lifted their price target on Twilio from $145.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley raised shares of Twilio from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $144.00 to $160.00 in a report on Monday, February 24th. JMP Securities reaffirmed a "market outperform" rating and set a $165.00 target price on shares of Twilio in a research note on Friday, February 14th. Finally, Piper Sandler reissued an "overweight" rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.35.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company's stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company's stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,277 shares of company stock worth $2,441,324 in the last quarter. 4.50% of the stock is owned by insiders.

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.