Barclays Boosts Twilio (NYSE:TWLO) Price Target to $80.00

Twilio (NYSE:TWLO) had its target price lifted by Barclays from $65.00 to $80.00 in a research report report published on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the technology company’s stock.

Several other equities analysts have also recently weighed in on TWLO. Needham & Company LLC lifted their price target on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird lifted their target price on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday. Northland Securities increased their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Oppenheimer raised their price target on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.55.

Twilio Stock Performance

Shares of TWLO stock opened at $87.50 on Friday. The firm’s 50 day moving average is $66.33 and its 200 day moving average is $61.35. The stock has a market capitalization of $14.05 billion, a P/E ratio of -34.05, a PEG ratio of 4.59 and a beta of 1.32. Twilio has a 12 month low of $52.45 and a 12 month high of $88.96. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now directly owns 186,501 shares in the company, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,961 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the sale, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,418 shares of company stock valued at $3,749,556. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several institutional investors and hedge funds have recently modified their holdings of TWLO. AQR Capital Management LLC raised its holdings in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP raised its stake in Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after buying an additional 630,627 shares during the period. Panagora Asset Management Inc. boosted its position in Twilio by 286.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after acquiring an additional 531,075 shares in the last quarter. Finally, Goldentree Asset Management LP bought a new stake in Twilio during the 1st quarter valued at $31,745,000. Institutional investors 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.