Twilio Inc. (NYSE:TWLO) Holdings Cut by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,507 shares of the technology company's stock after selling 47,320 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of Twilio worth $28,372,000 at the end of the most recent quarter.

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

Twilio Stock Down 3.1 %

Shares of Twilio stock traded down $2.60 during trading hours on Tuesday, hitting $81.11. 2,558,390 shares of the company's stock traded hands, compared to its average volume of 2,638,450. 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 50 day simple moving average of $114.46 and a 200-day simple moving average of $102.29. The company has a market cap of $12.38 billion, a PE ratio of -126.73, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $1.19 billion. Equities research analysts anticipate that Twilio Inc. will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now owns 184,164 shares of the company's stock, valued at approximately $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,471 shares of company stock worth $2,344,149 in the last ninety days. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and increased their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. William Blair reissued an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. JMP Securities restated a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a report on Friday, February 14th. Needham & Company LLC increased their price target on shares of Twilio from $91.00 to $165.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.35.

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.