Twilio (NYSE:TWLO) Upgraded by Morgan Stanley to Overweight Rating

Morgan Stanley upgraded shares of Twilio (NYSE:TWLO) from an equal weight rating to an overweight rating in a research report released on Monday morning, MarketBeat reports. Morgan Stanley currently has $160.00 target price on the technology company’s stock, up from their previous target price of $144.00.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. UBS Group boosted their price target on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Monness Crespi & Hardt raised their price objective on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Tigress Financial upped their target price on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.74.

Twilio Stock Performance

Shares of TWLO stock opened at $117.90 on Monday. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The stock’s 50-day moving average is $122.21 and its two-hundred day moving average is $93.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market cap of $18.08 billion, a P/E ratio of -184.23, a PEG ratio of 4.30 and a beta of 1.42.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. Analysts predict that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total transaction of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at $18,990,140.69. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,406 shares of company stock worth $2,656,889. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. FMR LLC increased its stake in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after buying an additional 77,436 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after acquiring an additional 2,864,235 shares during the last quarter. Pacer Advisors Inc. increased 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 worth $187,026,000 after purchasing an additional 444,295 shares during the period. Jericho Capital Asset Management L.P. bought a new stake in Twilio during the 4th quarter worth about $301,258,000. Finally, Geode Capital Management LLC raised its holdings in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after purchasing an additional 33,824 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.