Public Employees Retirement System of Ohio Sells 4,330 Shares of Twilio Inc. (NYSE:TWLO)

Public Employees Retirement System of Ohio decreased its position in shares of Twilio Inc. (NYSE:TWLO) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,800 shares of the technology company’s stock after selling 4,330 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Twilio were worth $4,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TWLO. Nomura Asset Management Co. Ltd. lifted its position in Twilio by 10.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 49,590 shares of the technology company’s stock valued at $3,234,000 after acquiring an additional 4,568 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Twilio in the third quarter valued at approximately $1,840,000. MML Investors Services LLC lifted its holdings in shares of Twilio by 33.1% in the third quarter. MML Investors Services LLC now owns 7,768 shares of the technology company’s stock valued at $507,000 after purchasing an additional 1,930 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Twilio during the third quarter valued at approximately $3,386,000. Finally, iA Global Asset Management Inc. bought a new stake in Twilio during the third quarter worth $567,000. 84.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TWLO has been the topic of a number of analyst reports. Mizuho lifted their price objective on shares of Twilio from $70.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday. Barclays boosted their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Friday, November 15th. Robert W. Baird lifted their target price on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.52.

Twilio Price Performance

TWLO opened at $112.98 on Monday. The firm has a 50-day moving average price of $89.77 and a 200-day moving average price of $69.93. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $116.43. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of -43.96, a PEG ratio of 3.26 and a beta of 1.38.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,174 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.02, for a total transaction of $271,393.48. Following the sale, the insider now owns 152,563 shares of the company’s stock, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,575 shares of company stock valued at $3,863,961. Company insiders own 4.50% of the company’s stock.

Twilio Profile

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.