Public Employees Retirement System of Ohio Cuts Stock Holdings in Twilio Inc. (NYSE:TWLO)

Public Employees Retirement System of Ohio lessened its position in shares of Twilio Inc. (NYSE:TWLO) by 8.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 65,440 shares of the technology company’s stock after selling 6,025 shares during the period. Public Employees Retirement System of Ohio’s holdings in Twilio were worth $4,002,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. London & Capital Asset Management Ltd increased its stake in shares of Twilio by 15.7% in the 1st quarter. London & Capital Asset Management Ltd now owns 154,691 shares of the technology company’s stock valued at $9,459,000 after purchasing an additional 21,038 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Twilio by 3.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 123,103 shares of the technology company’s stock valued at $7,529,000 after buying an additional 3,780 shares in the last quarter. Truvestments Capital LLC increased its position in shares of Twilio by 3,879.7% in the first quarter. Truvestments Capital LLC now owns 8,238 shares of the technology company’s stock valued at $504,000 after buying an additional 8,031 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Twilio during the 1st quarter worth approximately $2,188,000. Finally, Delta Global Management LP lifted its position in shares of Twilio by 25.3% during the 1st quarter. Delta Global Management LP now owns 586,492 shares of the technology company’s stock valued at $35,864,000 after buying an additional 118,308 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TWLO. Macquarie reduced their price objective on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Piper Sandler reduced their price target on shares of Twilio from $79.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Canaccord Genuity Group lowered their price objective on Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Morgan Stanley cut Twilio from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $70.00 to $60.00 in a report on Friday, June 14th. Finally, Robert W. Baird lowered their price target on Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.38.

Twilio Stock Up 0.2 %

NYSE TWLO opened at $59.13 on Thursday. Twilio Inc. has a twelve month low of $49.86 and a twelve month high of $78.16. The stock has a fifty day simple moving average of $57.05 and a 200-day simple moving average of $61.04. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.15. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. On average, sell-side analysts expect that Twilio Inc. will post 0.22 earnings per share for the current year.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,877 shares of Twilio stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $611,940.02. Following the completion of the sale, the chief executive officer now directly owns 289,207 shares of the company’s stock, valued at $16,270,785.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Twilio news, CFO Aidan Viggiano sold 956 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $58,975.64. Following the sale, the chief financial officer now directly owns 228,506 shares in the company, valued at approximately $14,096,535.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 10,877 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $56.26, for a total transaction of $611,940.02. Following the completion of the transaction, the chief executive officer now directly owns 289,207 shares of the company’s stock, valued at approximately $16,270,785.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,967 shares of company stock worth $3,796,221. Insiders own 4.50% of the company’s stock.

About Twilio

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.