Twilio Inc. $TWLO Stock: Retirement Systems of Alabama Lowers Stake

Retirement Systems of Alabama lowered its position in shares of Twilio Inc. (NYSE:TWLO) by 12.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 217,151 shares of the technology company’s stock after selling 29,524 shares during the period. Retirement Systems of Alabama’s holdings in Twilio were worth $63,508,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TWLO. Congress Asset Management Co. grew its position in Twilio by 16.2% in the 3rd quarter. Congress Asset Management Co. now owns 160,425 shares of the technology company’s stock worth $46,918,000 after purchasing an additional 22,311 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of Twilio during the second quarter valued at approximately $1,637,000. Assenagon Asset Management S.A. raised its holdings in shares of Twilio by 67.8% during the second quarter. Assenagon Asset Management S.A. now owns 120,582 shares of the technology company’s stock valued at $24,880,000 after buying an additional 48,742 shares during the last quarter. Nykredit A S bought a new stake in shares of Twilio during the second quarter valued at approximately $10,514,000. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Twilio during the first quarter worth approximately $4,288,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Trading Up 2.5%

Shares of NYSE:TWLO opened at $206.99 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.62 and a current ratio of 4.47. The stock has a market capitalization of $31.79 billion, a price-to-earnings ratio of 73.12, a PEG ratio of 4.16 and a beta of 1.49. Twilio Inc. has a 1-year low of $105.00 and a 1-year high of $308.40. The company has a 50 day moving average price of $253.87 and a 200 day moving average price of $190.71.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, October 29th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Twilio had a return on equity of 5.58% and a net margin of 21.82%. Twilio’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 earnings per share. On average, research analysts anticipate that Twilio Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 14,442 shares of Twilio stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $291.03, for a total value of $4,203,055.26. Following the transaction, the chief executive officer owned 178,863 shares of the company’s stock, valued at approximately $52,054,498.89. This trade represents a 7.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew Stafman sold 500,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $247.08, for a total value of $123,540,000.00. Following the sale, the director owned 120,000 shares in the company, valued at approximately $29,649,600. The trade was a 80.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 538,818 shares of company stock worth $134,833,645 in the last quarter. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

TWLO has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price objective on Twilio from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. Citizens Jmp reiterated a “market outperform” rating and issued a $275.00 price objective on shares of Twilio in a report on Thursday, August 27th. Mizuho set a $270.00 price objective on shares of Twilio in a report on Wednesday, August 12th. Stifel Nicolaus set a $325.00 target price on Twilio in a report on Wednesday, October 14th. Finally, Tigress Financial upped their target price on Twilio from $255.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $269.48.

Twilio Company Profile

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows.

Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.

Founded in 2008, Twilio serves businesses and developers in markets around the world.