Kentucky Retirement Systems Insurance Trust Fund Takes Position in Twilio Inc. (NYSE:TWLO)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Twilio Inc. (NYSE:TWLO) during the first quarter, Holdings Channel.com reports. The fund purchased 4,448 shares of the technology company’s stock, valued at approximately $436,000.

Several other hedge funds have also modified their holdings of TWLO. Kentucky Retirement Systems acquired a new position in shares of Twilio during the 1st quarter valued at about $1,022,000. PFG Investments LLC raised its stake in shares of Twilio by 18.1% in the first quarter. PFG Investments LLC now owns 3,563 shares of the technology company’s stock valued at $349,000 after acquiring an additional 545 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Twilio by 13.3% in the 1st quarter. Avior Wealth Management LLC now owns 5,424 shares of the technology company’s stock valued at $531,000 after buying an additional 638 shares during the period. CWA Asset Management Group LLC lifted its stake in Twilio by 56.5% in the first quarter. CWA Asset Management Group LLC now owns 48,969 shares of the technology company’s stock worth $4,795,000 after acquiring an additional 17,677 shares during the last quarter. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Twilio during the first quarter worth $224,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Price Performance

Twilio stock opened at $119.82 on Thursday. Twilio Inc. has a 12-month low of $55.00 and a 12-month high of $151.95. The stock has a market capitalization of $18.29 billion, a P/E ratio of -570.57, a P/E/G ratio of 3.78 and a beta of 1.30. The firm’s 50-day moving average is $109.55 and its two-hundred day moving average is $111.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.78 and a quick ratio of 4.78.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.22. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. Twilio’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts predict that Twilio Inc. will post 1.44 earnings per share for the current year.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,924 shares of Twilio stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $112.75, for a total value of $216,931.00. Following the completion of the transaction, the chief financial officer now owns 165,982 shares in the company, valued at $18,714,470.50. The trade was a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,884 shares of company stock worth $4,719,065 over the last quarter. 0.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TWLO has been the topic of several research analyst reports. Tigress Financial reiterated a “buy” rating and set a $170.00 price target on shares of Twilio in a research note on Thursday, May 8th. Wall Street Zen cut Twilio from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 30th. Piper Sandler boosted their target price on Twilio from $106.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. The Goldman Sachs Group raised their price target on Twilio from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Scotiabank boosted their price objective on Twilio from $130.00 to $135.00 and gave the company a “sector outperform” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.39.

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.