Stifel Nicolaus Increases Twilio (NYSE:TWLO) Price Target to $130.00

Twilio (NYSE:TWLO) had its price target upped by equities researchers at Stifel Nicolaus from $110.00 to $130.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price suggests a potential downside of 4.40% from the stock’s previous close.

TWLO has been the subject of several other reports. 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. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $160.00 in a research report on Friday. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. Needham & Company LLC increased their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Morgan Stanley lifted their price target on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.96.

Twilio Price Performance

Shares of NYSE:TWLO opened at $135.98 on Friday. The firm has a 50 day moving average of $109.20 and a 200-day moving average of $81.22. Twilio has a 12 month low of $52.51 and a 12 month high of $141.40. 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 stock has a market capitalization of $20.86 billion, a PE ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock valued at $2,844,655 over the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted 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 worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Twilio by 258.4% during the 3rd 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. Pacer Advisors Inc. boosted 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 worth $187,026,000 after acquiring an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC grew 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 acquiring an additional 398,872 shares during the period. Finally, KBC Group NV increased its holdings in shares of Twilio by 1,138.4% during the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after acquiring an additional 258,469 shares in 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.