Twilio Inc. (NYSE:TWLO) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its position in shares of Twilio Inc. (NYSE:TWLO - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,713 shares of the technology company's stock after selling 6,603 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Twilio were worth $1,698,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company's stock worth $352,640,000 after acquiring an additional 2,864,235 shares during the period. Norges Bank bought a new position in Twilio in the fourth quarter worth about $222,146,000. Bank of New York Mellon Corp boosted its stake in Twilio by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,009,028 shares of the technology company's stock valued at $109,056,000 after purchasing an additional 99,786 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Twilio during the fourth quarter valued at about $62,999,000. Finally, Schroder Investment Management Group boosted its stake in Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company's stock valued at $56,687,000 after purchasing an additional 509,153 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on TWLO shares. Tigress Financial upped their price target on shares of Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus raised their target price on shares of Twilio from $130.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Robert W. Baird upgraded Twilio from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $115.00 to $160.00 in a report on Friday, January 24th. William Blair reissued an "outperform" rating on shares of Twilio in a report on Friday, February 14th. Finally, Scotiabank increased their price target on shares of Twilio from $90.00 to $160.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and a consensus target price of $132.13.

Twilio Stock Performance

NYSE TWLO traded down $1.01 on Friday, reaching $84.76. The stock had a trading volume of 1,493,706 shares, compared to its average volume of 2,638,090. Twilio Inc. has a 12-month low of $52.51 and a 12-month 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 stock has a market cap of $12.94 billion, a P/E ratio of -132.43, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50. The business's 50-day moving average price is $103.89 and its 200 day moving average price is $103.22.

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 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 firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. As a group, equities analysts expect that Twilio Inc. will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction that occurred on 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. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the transaction, the chief financial officer now owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,471 shares of company stock worth $2,344,149. 4.50% of the stock is owned by corporate insiders.

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.