Oregon Public Employees Retirement Fund Invests $3.98 Million in Twilio Inc (NYSE:TWLO)

Oregon Public Employees Retirement Fund acquired a new position in Twilio Inc (NYSE:TWLO) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,200 shares of the technology company’s stock, valued at approximately $3,981,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TWLO. Winslow Evans & Crocker Inc. lifted its position in shares of Twilio by 6,569.8% in the first quarter. Winslow Evans & Crocker Inc. now owns 5,736 shares of the technology company’s stock worth $742,000 after buying an additional 5,650 shares in the last quarter. Zweig DiMenna Associates LLC lifted its position in shares of Twilio by 10.6% in the first quarter. Zweig DiMenna Associates LLC now owns 125,516 shares of the technology company’s stock worth $16,214,000 after buying an additional 12,010 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of Twilio in the first quarter worth about $257,000. Dimensional Fund Advisors LP lifted its position in shares of Twilio by 13.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 121,505 shares of the technology company’s stock worth $10,848,000 after buying an additional 14,549 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new stake in shares of Twilio in the first quarter worth about $649,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

TWLO stock traded down $3.07 during midday trading on Friday, reaching $134.76. 1,942,100 shares of the company traded hands, compared to its average volume of 3,012,104. Twilio Inc has a 52-week low of $58.51 and a 52-week high of $151.00. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $142.31. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of -168.45 and a beta of 1.17.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). Twilio had a negative net margin of 17.87% and a negative return on equity of 9.50%. The company had revenue of $275.00 million for the quarter, compared to analysts’ expectations of $264.43 million. During the same quarter last year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was up 86.1% on a year-over-year basis. As a group, equities research analysts forecast that Twilio Inc will post -1.4 EPS for the current year.

In other news, CEO Jeff Lawson sold 20,830 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $145.07, for a total value of $3,021,808.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 937 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $142.38, for a total value of $133,410.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,984 shares of company stock worth $22,011,433. Company insiders own 10.85% of the company’s stock.

A number of equities research analysts recently commented on the company. ValuEngine upgraded Twilio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded Twilio from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Deutsche Bank boosted their target price on Twilio from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Stephens reiterated a “hold” rating and issued a $110.00 target price on shares of Twilio in a research report on Tuesday, April 30th. Finally, TheStreet upgraded Twilio from a “d” rating to a “c” rating in a research report on Monday, June 24th. Three analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Twilio presently has an average rating of “Buy” and an average target price of $141.74.

Twilio Company Profile

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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