3,164 Twilio Inc. $TWLO Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in Twilio Inc. (NYSE:TWLO) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,448 shares of the technology company’s stock after purchasing an additional 3,164 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Twilio worth $26,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TWLO. Quantinno Capital Management LP raised its holdings in Twilio by 137.9% during the first quarter. Quantinno Capital Management LP now owns 648,882 shares of the technology company’s stock worth $81,642,000 after acquiring an additional 376,142 shares in the last quarter. Royal Bank of Canada increased its position in shares of Twilio by 10.8% during the 1st quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company’s stock worth $410,330,000 after purchasing an additional 316,858 shares during the last quarter. National Pension Service increased its position in shares of Twilio by 1,177.6% during the 2nd quarter. National Pension Service now owns 261,307 shares of the technology company’s stock worth $53,915,000 after purchasing an additional 240,854 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Twilio by 89.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 483,611 shares of the technology company’s stock worth $63,092,000 after purchasing an additional 228,840 shares during the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of Twilio by 58.9% during the 3rd quarter. Artemis Investment Management LLP now owns 588,018 shares of the technology company’s stock worth $171,972,000 after purchasing an additional 217,952 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 9,084 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total value of $2,676,600.60. Following the completion of the sale, the chief financial officer directly owned 99,246 shares in the company, valued at $29,242,833.90. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $291.03, for a total value of $4,203,055.26. Following the completion of the transaction, the chief executive officer directly owned 178,863 shares in the company, valued at approximately $52,054,498.89. This represents a 7.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 38,818 shares of company stock worth $11,293,645 in the last ninety days. 0.21% of the stock is owned by company insiders.

Twilio Stock Performance

NYSE TWLO opened at $214.31 on Wednesday. The firm has a 50-day moving average of $253.42 and a 200-day moving average of $191.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.47 and a current ratio of 4.47. The stock has a market cap of $33.16 billion, a PE ratio of 26.96, a P/E/G ratio of 4.03 and a beta of 1.49. Twilio Inc. has a 52-week low of $105.00 and a 52-week high of $308.40.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on TWLO shares. Bank of America increased their price objective on Twilio from $270.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, October 14th. Needham & Company LLC lowered their target price on shares of Twilio from $280.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Citigroup restated a “market outperform” rating on shares of Twilio in a report on Thursday, August 27th. JPMorgan Chase & Co. dropped their price target on shares of Twilio from $335.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Finally, HSBC upgraded shares of Twilio from a “reduce” rating to a “hold” rating and increased their price target for the company from $211.00 to $215.00 in a research note on Tuesday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.