Canada Pension Plan Investment Board Lowers Holdings in Twilio Inc. (NYSE:TWLO)

Posted by Defense World Staff on Mar 4th, 2023

Canada Pension Plan Investment Board trimmed its position in Twilio Inc. (NYSE:TWLO – Get Rating) by 96.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 670 shares of the technology company’s stock after selling 15,998 shares during the period. Canada Pension Plan Investment Board’s holdings in Twilio were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Twilio by 25.6% during the 1st quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock worth $2,162,627,000 after purchasing an additional 2,678,049 shares in the last quarter. ARK Investment Management LLC boosted its position in shares of Twilio by 22.5% during the 3rd quarter. ARK Investment Management LLC now owns 6,826,631 shares of the technology company’s stock worth $471,993,000 after purchasing an additional 1,254,195 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Twilio by 450.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,429,756 shares of the technology company’s stock worth $119,828,000 after purchasing an additional 1,170,237 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Twilio by 631.0% during the 1st quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company’s stock worth $191,789,000 after purchasing an additional 1,004,500 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of Twilio by 14.8% during the 3rd quarter. Baillie Gifford & Co. now owns 6,920,682 shares of the technology company’s stock worth $478,497,000 after purchasing an additional 891,897 shares in the last quarter. 78.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TWLO has been the topic of several research analyst reports. StockNews.com upgraded shares of Twilio from a “sell” rating to a “hold” rating in a research report on Friday, February 17th. Morgan Stanley boosted their target price on shares of Twilio from $64.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, February 16th. Bank of America decreased their price objective on shares of Twilio from $85.00 to $70.00 in a research report on Friday, November 4th. Barclays decreased their price objective on shares of Twilio from $90.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Sunday, November 6th. Finally, Cowen lowered shares of Twilio from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $100.00 to $65.00 in a research report on Friday, November 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.96.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 8,461 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $64.24, for a total transaction of $543,534.64. Following the completion of the sale, the insider now owns 162,871 shares in the company, valued at approximately $10,462,833.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 8,461 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $64.24, for a total transaction of $543,534.64. Following the completion of the sale, the insider now owns 162,871 shares in the company, valued at approximately $10,462,833.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Khozema Shipchandler sold 20,274 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $64.22, for a total value of $1,301,996.28. Following the sale, the chief operating officer now owns 248,065 shares of the company’s stock, valued at approximately $15,930,734.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,563 shares of company stock worth $1,888,289. 4.96% of the stock is currently owned by company insiders.

Twilio Trading Up 3.1 %

NYSE TWLO opened at $73.88 on Friday. Twilio Inc. has a 12 month low of $41.00 and a 12 month high of $176.96. The company has a 50-day moving average of $58.56 and a 200-day moving average of $61.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.17 and a quick ratio of 5.74. The company has a market cap of $13.62 billion, a P/E ratio of -10.75 and a beta of 1.45.

Twilio (NYSE:TWLO – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The technology company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.31. Twilio had a negative net margin of 32.83% and a negative return on equity of 7.63%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company posted ($1.25) EPS. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. As a group, equities analysts predict that Twilio Inc. will post -2.52 earnings per share for the current year.

Twilio Profile

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Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.