California State Teachers Retirement System Has $3.21 Million Holdings in Twilio Inc. (TWLO)
California State Teachers Retirement System raised its holdings in Twilio Inc. (NYSE:TWLO) by 182.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,200 shares of the technology company’s stock after buying an additional 71,200 shares during the quarter. California State Teachers Retirement System owned 0.12% of Twilio worth $3,208,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. FMR LLC boosted its stake in shares of Twilio by 19.8% in the 2nd quarter. FMR LLC now owns 9,259,375 shares of the technology company’s stock valued at $269,541,000 after purchasing an additional 1,528,512 shares in the last quarter. Coatue Management LLC boosted its stake in shares of Twilio by 329.4% in the 2nd quarter. Coatue Management LLC now owns 1,857,746 shares of the technology company’s stock valued at $54,079,000 after purchasing an additional 1,425,085 shares in the last quarter. Foxhaven Asset Management LP boosted its stake in shares of Twilio by 1,068.4% in the 2nd quarter. Foxhaven Asset Management LP now owns 1,399,696 shares of the technology company’s stock valued at $40,745,000 after purchasing an additional 1,279,896 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Twilio by 487.4% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,066,806 shares of the technology company’s stock valued at $31,054,000 after purchasing an additional 885,206 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Twilio by 26.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,854,787 shares of the technology company’s stock valued at $112,213,000 after purchasing an additional 815,890 shares in the last quarter. 57.59% of the stock is currently owned by hedge funds and other institutional investors.
In other Twilio news, CFO Lee Kirkpatrick sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $31.17, for a total transaction of $311,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Dalzell sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $31.18, for a total value of $77,950.00. The disclosure for this sale can be found here. Insiders have sold a total of 52,847 shares of company stock valued at $1,645,621 over the last three months.
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Shares of Twilio Inc. (TWLO) opened at $28.38 on Wednesday. Twilio Inc. has a twelve month low of $22.80 and a twelve month high of $38.88.
Twilio (NYSE:TWLO) last announced its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.20). The firm had revenue of $95.90 million during the quarter, compared to analysts’ expectations of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The company’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. sell-side analysts predict that Twilio Inc. will post -0.7 EPS for the current year.
Several brokerages have recently commented on TWLO. JMP Securities restated an “outperform” rating and issued a $38.00 target price on shares of Twilio in a research note on Thursday, September 28th. Robert W. Baird upped their price target on shares of Twilio from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Twilio from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp reiterated a “hold” rating on shares of Twilio in a research report on Wednesday, September 27th. Finally, Argus reiterated a “hold” rating on shares of Twilio in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.91.
Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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