California State Teachers Retirement System Has $29.28 Million Stock Position in Twilio Inc. $TWLO

California State Teachers Retirement System lowered its holdings in shares of Twilio Inc. (NYSE:TWLO) by 3.4% in the first quarter, HoldingsChannel reports. The firm owned 232,724 shares of the technology company’s stock after selling 8,170 shares during the period. California State Teachers Retirement System’s holdings in Twilio were worth $29,281,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TWLO. New York State Teachers Retirement System lifted its holdings in Twilio by 10.8% during the 4th quarter. New York State Teachers Retirement System now owns 116,494 shares of the technology company’s stock valued at $16,570,000 after purchasing an additional 11,370 shares during the last quarter. Fifth Third Bancorp boosted its position in Twilio by 339.6% during the fourth quarter. Fifth Third Bancorp now owns 14,024 shares of the technology company’s stock worth $1,995,000 after purchasing an additional 10,834 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Twilio by 19.7% in the fourth quarter. Principal Financial Group Inc. now owns 596,438 shares of the technology company’s stock valued at $84,837,000 after purchasing an additional 98,092 shares during the last quarter. National Pension Service increased its holdings in shares of Twilio by 184.4% in the fourth quarter. National Pension Service now owns 18,545 shares of the technology company’s stock valued at $2,638,000 after purchasing an additional 12,025 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Twilio in the fourth quarter valued at about $895,000. Institutional investors own 84.27% of the company’s stock.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 44,158 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $235.88, for a total transaction of $10,415,989.04. Following the transaction, the chief executive officer directly owned 235,542 shares of the company’s stock, valued at approximately $55,559,646.96. This trade represents a 15.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Erika Rottenberg sold 2,000 shares of Twilio stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $199.01, for a total transaction of $398,020.00. Following the completion of the sale, the director owned 30,995 shares of the company’s stock, valued at $6,168,314.95. This trade represents a 6.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,803,980 shares of company stock valued at $341,898,467. 0.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Twilio from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Citizens Jmp upped their price target on shares of Twilio from $210.00 to $250.00 and gave the company a “market outperform” rating in a research note on Monday, July 20th. UBS Group increased their price target on shares of Twilio from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, May 1st. BTIG Research raised their price objective on shares of Twilio from $215.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Bank of America upgraded shares of Twilio from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $190.00 in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Twilio has a consensus rating of “Buy” and an average price target of $220.59.

Twilio Stock Up 3.4%

TWLO stock opened at $197.48 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.66 and a quick ratio of 4.66. The stock has a market capitalization of $29.97 billion, a price-to-earnings ratio of 308.57, a PEG ratio of 3.80 and a beta of 1.36. The business’s fifty day moving average price is $202.11 and its two-hundred day moving average price is $158.88. Twilio Inc. has a fifty-two week low of $91.84 and a fifty-two week high of $238.48.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, April 30th. The technology company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.23. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Twilio had a return on equity of 4.64% and a net margin of 1.96%.The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. On average, equities analysts anticipate that Twilio Inc. will post 2.79 earnings per share for the current year.

Twilio Profile

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.