Twilio (NYSE:TWLO) Stock Rating Upgraded by Wells Fargo & Company

Twilio (NYSE:TWLO) was upgraded by Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report released on Tuesday,Finviz reports. The brokerage presently has a $120.00 price objective on the technology company’s stock, up from their prior price objective of $80.00. Wells Fargo & Company‘s target price would indicate a potential upside of 27.58% from the company’s previous close.

A number of other research analysts have also issued reports on TWLO. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird boosted their price target on Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Morgan Stanley boosted their price target on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Mizuho increased their price objective on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $81.36.

Twilio Price Performance

Twilio stock opened at $94.06 on Tuesday. The firm has a market capitalization of $14.43 billion, a P/E ratio of -36.60, a PEG ratio of 2.67 and a beta of 1.32. The firm has a fifty day moving average of $69.27 and a 200-day moving average of $62.48. Twilio has a 52-week low of $52.51 and a 52-week high of $96.04. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the sale, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 1,961 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares of the company’s stock, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,418 shares of company stock valued at $3,749,556. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after buying an additional 140,791 shares in the last quarter. Affinity Investment Advisors LLC purchased a new position in shares of Twilio in the third quarter valued at $434,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after acquiring an additional 9,141 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its stake in shares of Twilio by 78.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after buying an additional 31,227 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Twilio by 9.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock worth $14,051,000 after purchasing an additional 17,856 shares during the last quarter. Hedge funds and other institutional investors 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.