State of New Jersey Common Pension Fund D Sells 2,285 Shares of Twilio Inc. (NYSE:TWLO)

State of New Jersey Common Pension Fund D decreased its position in shares of Twilio Inc. (NYSE:TWLO) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 57,354 shares of the technology company’s stock after selling 2,285 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Twilio were worth $6,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TWLO. True Wealth Design LLC grew its stake in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares during the period. JFS Wealth Advisors LLC boosted its stake in Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares during the period. Brooklyn Investment Group bought a new position in Twilio in the 3rd quarter worth about $46,000. Venturi Wealth Management LLC boosted its stake in Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after purchasing an additional 493 shares during the period. Finally, Huntington National Bank boosted its stake in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the period. Institutional investors own 84.27% of the company’s stock.

Twilio Price Performance

TWLO opened at $125.43 on Wednesday. The stock’s 50 day simple moving average is $121.50 and its 200 day simple moving average is $91.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $151.95. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of -48.81, a PEG ratio of 3.60 and a beta of 1.43.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts predict that Twilio Inc. will post 0.88 earnings per share for the current year.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,015 shares of company stock worth $2,483,695. 4.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TWLO has been the subject of several analyst reports. Barclays raised their target price on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and raised their target price for the stock from $77.00 to $185.00 in a research note on Monday, January 27th. Mizuho raised their target price on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. Finally, Jefferies Financial Group raised their price target on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.91.

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.