California Public Employees Retirement System Increases Stake in Twilio Inc (TWLO)

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California Public Employees Retirement System increased its position in shares of Twilio Inc (NYSE:TWLO) by 18.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 121,335 shares of the technology company’s stock after purchasing an additional 18,748 shares during the period. California Public Employees Retirement System’s holdings in Twilio were worth $15,674,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TWLO. Coatue Management LLC purchased a new position in shares of Twilio during the fourth quarter valued at $86,056,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Twilio by 1,234.3% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 974,515 shares of the technology company’s stock valued at $87,024,000 after buying an additional 901,480 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of Twilio during the fourth quarter valued at $72,497,000. Vanguard Group Inc increased its stake in shares of Twilio by 10.5% during the third quarter. Vanguard Group Inc now owns 6,480,321 shares of the technology company’s stock valued at $559,122,000 after buying an additional 613,596 shares during the period. Finally, Norges Bank purchased a new position in shares of Twilio during the fourth quarter valued at $42,816,000. Hedge funds and other institutional investors own 57.01% of the company’s stock.

Shares of TWLO stock opened at $137.66 on Tuesday. Twilio Inc has a 1-year low of $51.82 and a 1-year high of $144.62. The stock has a market cap of $16.98 billion, a P/E ratio of -172.08 and a beta of 1.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.83 and a current ratio of 5.83.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.40). Twilio had a negative net margin of 17.87% and a negative return on equity of 9.50%. The company had revenue of $233.00 million for the quarter, compared to the consensus estimate of $223.45 million. During the same period in the previous year, the business earned ($0.04) EPS. Twilio’s revenue for the quarter was up 80.5% compared to the same quarter last year. On average, equities analysts anticipate that Twilio Inc will post -1.4 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. Deutsche Bank raised their price target on Twilio from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. DA Davidson raised their price target on Twilio to $163.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Piper Jaffray Companies raised their price target on Twilio from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. KeyCorp raised their price objective on Twilio from $150.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Finally, Mitsubishi UFJ Financial Group raised their price objective on Twilio to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $138.36.

In other Twilio news, COO George Hu sold 7,743 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $128.22, for a total value of $992,807.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $129.87, for a total value of $2,705,192.10. The disclosure for this sale can be found here. In the last three months, insiders sold 126,745 shares of company stock valued at $15,786,019. Corporate insiders own 10.85% of the company’s stock.

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Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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