Twilio Inc. (NYSE:TWLO) Shares Purchased by Arizona State Retirement System

Posted by Defense World Staff on May 10th, 2023

Arizona State Retirement System grew its position in shares of Twilio Inc. (NYSE:TWLO – Get Rating) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,056 shares of the technology company’s stock after purchasing an additional 2,340 shares during the period. Arizona State Retirement System’s holdings in Twilio were worth $2,402,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TWLO. Vanguard Group Inc. lifted its stake in Twilio by 25.6% during the first 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. Renaissance Technologies LLC boosted its stake in shares of Twilio by 631.0% during the first quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company’s stock worth $191,789,000 after buying an additional 1,004,500 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Twilio by 34.3% during the third quarter. Bank of New York Mellon Corp now owns 3,045,022 shares of the technology company’s stock worth $210,532,000 after buying an additional 777,545 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Twilio by 13.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,938,393 shares of the technology company’s stock worth $290,744,000 after buying an additional 707,908 shares during the period. Finally, HMI Capital Management L.P. lifted its position in Twilio by 59.6% in the third quarter. HMI Capital Management L.P. now owns 1,668,060 shares of the technology company’s stock valued at $115,330,000 after purchasing an additional 623,060 shares during the period. 78.68% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Up 2.1 %

Shares of Twilio stock opened at $56.00 on Wednesday. The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 0.10. Twilio Inc. has a 12-month low of $41.00 and a 12-month high of $112.89. The firm’s 50-day moving average price is $60.88 and its two-hundred day moving average price is $57.31.

Twilio (NYSE:TWLO – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The technology company reported $0.22 earnings per share (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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business earned ($1.25) EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. As a group, sell-side analysts predict that Twilio Inc. will post -2.05 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on TWLO shares. Piper Sandler raised their price objective on shares of Twilio from $69.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, February 16th. Cowen lifted their target price on shares of Twilio from $65.00 to $75.00 and gave the stock a “market perform” rating in a research note on Thursday, February 16th. Stifel Nicolaus lifted their price target on shares of Twilio from $45.00 to $60.00 in a report on Monday, February 13th. StockNews.com started coverage on shares of Twilio in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Sanford C. Bernstein lifted their price target on shares of Twilio from $58.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, February 16th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.67.

Insider Activity at Twilio

In other news, COO Khozema Shipchandler sold 20,274 shares of Twilio stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $64.22, for a total transaction of $1,301,996.28. Following the sale, the chief operating officer now directly owns 248,065 shares in the company, valued at approximately $15,930,734.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Dana Wagner sold 8,461 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $64.24, for a total value of $543,534.64. Following the transaction, the insider now owns 162,871 shares in the company, valued at $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 firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $64.22, for a total transaction of $1,301,996.28. Following the completion of the transaction, the chief operating officer now owns 248,065 shares in the company, valued at approximately $15,930,734.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,842 shares of company stock valued at $2,490,031. 4.96% of the stock is owned by company insiders.

About Twilio

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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.