Twilio (NYSE:TWLO) Price Target Raised to $118.00

Twilio (NYSE:TWLO) had its price target upped by Morgan Stanley from $115.00 to $118.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on TWLO. Oppenheimer raised their target price on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Northland Securities raised their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their target price on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, TD Cowen lifted their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Twilio has a consensus rating of “Hold” and an average price target of $93.74.

Twilio Stock Down 2.3 %

Shares of TWLO opened at $111.98 on Friday. The firm has a market cap of $17.18 billion, a PE ratio of -43.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $117.92. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $107.13 and its two-hundred day moving average is $79.44.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the 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 directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,527 shares of company stock valued at $2,844,655 in the last three months. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Twilio by 736.9% during 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 acquiring an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Pacer Advisors Inc. increased its holdings 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 last quarter. Allspring Global Investments Holdings LLC lifted its stake in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after buying an additional 398,872 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after buying an additional 311,481 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

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.