Twilio Inc. (NYSE:TWLO) Receives $90.35 Consensus Price Target from Analysts

Shares of Twilio Inc. (NYSE:TWLO) have been assigned a consensus rating of “Hold” from the twenty-three research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $91.22.

A number of analysts have recently commented on TWLO shares. Jefferies Financial Group upped their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Mizuho upped their price objective on Twilio from $70.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Barclays lifted their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Robert W. Baird lifted their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, November 1st.

Twilio Trading Up 3.7 %

NYSE TWLO opened at $113.09 on Wednesday. The company has a fifty day moving average of $100.70 and a 200 day moving average of $74.83. The company has a market capitalization of $17.35 billion, a PE ratio of -44.00, a P/E/G ratio of 3.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a 1 year low of $52.51 and a 1 year high of $116.43.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 13,653 shares of company stock worth $1,185,990. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake 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 buying an additional 1,006,391 shares during the period. Robeco Institutional Asset Management B.V. increased its stake 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 acquiring an additional 630,627 shares during the last quarter. Pacer Advisors Inc. raised its position in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after purchasing an additional 398,872 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after purchasing an additional 311,481 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.