Canada Pension Plan Investment Board Has $18.97 Million Stake in Twilio Inc. (NYSE:TWLO)

Canada Pension Plan Investment Board lowered its position in Twilio Inc. (NYSE:TWLO - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,502 shares of the technology company's stock after selling 49,100 shares during the period. Canada Pension Plan Investment Board owned about 0.11% of Twilio worth $18,968,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. JFS Wealth Advisors LLC raised 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 acquiring an additional 266 shares during the period. Parkside Financial Bank & Trust increased its holdings 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 in the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Twilio in the 4th quarter valued at about $44,000. Private Trust Co. NA lifted its holdings in shares of Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company's stock valued at $49,000 after purchasing an additional 360 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Twilio during the fourth quarter worth about $75,000. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TWLO. Oppenheimer lifted their target price on Twilio from $90.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Wells Fargo & Company cut their price objective on shares of Twilio from $160.00 to $120.00 and set an "overweight" rating on the stock in a research report on Tuesday. Scotiabank decreased their target price on shares of Twilio from $160.00 to $130.00 and set a "sector outperform" rating for the company in a research report on Thursday. Barclays raised their price objective on Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Twilio presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.30.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 7,524 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction on 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. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is currently owned by corporate insiders.

Twilio Price Performance

Shares of NYSE TWLO traded up $6.41 during midday trading on Thursday, reaching $93.54. The company's stock had a trading volume of 2,347,705 shares, compared to its average volume of 2,640,921. The company has a market cap of $14.28 billion, a P/E ratio of -146.16, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business's 50 day moving average price is $100.60 and its two-hundred day moving average price is $103.58.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results 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). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, analysts forecast that Twilio Inc. will post 1.44 EPS for the current fiscal year.

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.