State of New Jersey Common Pension Fund D Sells 7,509 Shares of Twilio Inc. (NYSE:TWLO)

State of New Jersey Common Pension Fund D decreased its holdings in Twilio Inc. (NYSE:TWLOFree Report) by 7.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,822 shares of the technology company’s stock after selling 7,509 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Twilio worth $5,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Optimum Investment Advisors lifted its stake in shares of Twilio by 68.3% during the 3rd quarter. Optimum Investment Advisors now owns 505 shares of the technology company’s stock worth $30,000 after purchasing an additional 205 shares during the last quarter. RVW Wealth LLC purchased a new position in shares of Twilio in the 3rd quarter worth approximately $30,000. Covestor Ltd raised its stake in shares of Twilio by 419.5% during the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock worth $35,000 after acquiring an additional 172 shares in the last quarter. Quarry LP lifted its position in Twilio by 328.2% during the second quarter. Quarry LP now owns 561 shares of the technology company’s stock valued at $36,000 after acquiring an additional 430 shares during the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in Twilio in the second quarter valued at approximately $53,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.

Twilio Trading Down 0.6 %

Shares of Twilio stock opened at $71.18 on Tuesday. The business has a 50 day simple moving average of $72.65 and a two-hundred day simple moving average of $64.28. Twilio Inc. has a 12 month low of $45.02 and a 12 month high of $79.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.53 and a quick ratio of 6.53.

Analyst Ratings Changes

TWLO has been the subject of several analyst reports. JMP Securities reiterated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a report on Thursday, November 9th. Wells Fargo & Company boosted their price target on Twilio from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 5th. Needham & Company LLC increased their price objective on shares of Twilio from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. William Blair reiterated an “outperform” rating on shares of Twilio in a research note on Thursday, November 9th. Finally, Barclays upped their price target on shares of Twilio from $60.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.00.

Check Out Our Latest Stock Analysis on TWLO

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,581 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $72.20, for a total value of $475,148.20. Following the transaction, the chief financial officer now owns 171,820 shares in the company, valued at approximately $12,405,404. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Twilio news, CFO Aidan Viggiano sold 6,581 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $72.20, for a total value of $475,148.20. Following the completion of the sale, the chief financial officer now owns 171,820 shares in the company, valued at approximately $12,405,404. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Twilio Inc sold 5,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $0.57, for a total value of $2,850,000.00. Following the transaction, the insider now owns 5,000,000 shares in the company, valued at $2,850,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,020,880 shares of company stock worth $4,342,944. 4.20% of the stock is owned by corporate insiders.

About Twilio

(Free Report)

Twilio Inc, together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications.

See Also

Want to see what other hedge funds are holding TWLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twilio Inc. (NYSE:TWLOFree Report).

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.