Twilio (NYSE:TWLO) Price Target Raised to $115.00

Twilio (NYSE:TWLO) had its target price increased by Morgan Stanley from $77.00 to $115.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Several other equities analysts have also weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Jefferies Financial Group lifted their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. UBS Group increased their price objective on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $90.35.

Twilio Stock Up 0.9 %

Shares of NYSE TWLO traded up $0.99 during mid-day trading on Wednesday, hitting $106.45. The company had a trading volume of 79,150 shares, compared to its average volume of 2,687,552. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $92.20 and a two-hundred day simple moving average of $70.92. The company has a market capitalization of $16.33 billion, a PE ratio of -41.42, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio has a one year low of $52.51 and a one year high of $116.43.

Insider Activity

In related news, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $435,766.03. Following the transaction, the chief financial officer now directly owns 177,869 shares of the company’s stock, valued at $11,566,821.07. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 1,248 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total transaction of $81,793.92. Following the sale, the insider now directly owns 151,315 shares of the company’s stock, valued at $9,917,185.10. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,575 shares of company stock valued at $3,863,961. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently bought and sold shares of TWLO. Tidal Investments LLC lifted its stake in shares of Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 112 shares during the period. Covestor Ltd boosted its position in shares of Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after purchasing an additional 182 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after buying an additional 205 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Company 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.