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

Illinois Municipal Retirement Fund increased its stake in Twilio Inc. (NYSE:TWLO) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,448 shares of the technology company’s stock after purchasing an additional 3,164 shares during the period. Illinois Municipal Retirement Fund’s holdings in Twilio were worth $26,745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in Twilio by 137.9% in the 1st quarter. Quantinno Capital Management LP now owns 648,882 shares of the technology company’s stock valued at $81,642,000 after buying an additional 376,142 shares during the period. Royal Bank of Canada boosted 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 acquiring an additional 316,858 shares in the last quarter. National Pension Service boosted 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 acquiring an additional 240,854 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Twilio by 89.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 483,611 shares of the technology company’s stock valued at $63,092,000 after acquiring an additional 228,840 shares during the last quarter. Finally, Artemis Investment Management LLP increased its stake in Twilio by 58.9% in the third quarter. Artemis Investment Management LLP now owns 588,018 shares of the technology company’s stock valued at $171,972,000 after acquiring an additional 217,952 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Stock Performance

NYSE TWLO opened at $214.31 on Wednesday. The firm’s fifty day moving average price is $253.42 and its two-hundred day moving average price is $191.15. The stock has a market cap of $33.16 billion, a PE ratio of 26.96, a PEG ratio of 4.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.47 and a current ratio of 4.47. Twilio Inc. has a fifty-two week low of $105.00 and a fifty-two 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. Twilio had a return on equity of 5.58% and a net margin of 21.82%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company earned $1.25 EPS. Twilio’s revenue was up 19.9% compared to the same quarter last year. On average, equities analysts expect that Twilio Inc. will post 3.27 EPS for the current fiscal year.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 9,084 shares of Twilio stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the sale, the chief financial officer directly owned 99,246 shares of the company’s stock, valued at approximately $29,242,833.90. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $291.03, for a total value of $4,203,055.26. Following the sale, the chief executive officer owned 178,863 shares in the company, valued at approximately $52,054,498.89. This trade represents a 7.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 38,818 shares of company stock valued at $11,293,645. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TWLO shares. BTIG Research lifted their price target on Twilio from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, October 16th. KeyCorp upped their price objective on Twilio from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. UBS Group reduced their price objective on Twilio from $285.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Tigress Financial lifted their target price on Twilio from $255.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $275.00 target price on shares of Twilio in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $269.48.

About Twilio

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.