Twilio (NYSE:TWLO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Twilio (NYSE:TWLO) had its price objective hoisted by JPMorgan Chase & Co. from $83.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 4.40% from the stock’s current price.

TWLO has been the topic of a number of other research reports. UBS Group raised their price target on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Morgan Stanley boosted their target price on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Royal Bank of Canada reiterated an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Tuesday, January 21st. Oppenheimer boosted their price objective on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Tigress Financial increased their target price on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Stock Performance

Twilio stock opened at $135.98 on Friday. The firm’s 50 day simple moving average is $109.20 and its 200 day simple moving average is $81.22. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a 1-year low of $52.51 and a 1-year high of $141.40. The firm has a market capitalization of $20.86 billion, a PE ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock worth $2,844,655 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several large investors have recently made changes to their positions in the company. Tidal Investments LLC increased its position in shares of Twilio by 0.6% during 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 last quarter. Covestor Ltd increased its position in Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after acquiring an additional 170 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Twilio by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after acquiring an additional 182 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its stake in shares of Twilio by 2.4% during the 4th quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after purchasing an additional 208 shares during the period. 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.