Twilio (NYSE:TWLO) Price Target Raised to $115.00

Twilio (NYSE:TWLO) had its price target hoisted by Morgan Stanley from $77.00 to $115.00 in a report issued on Wednesday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Mizuho raised their price target on Twilio from $70.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, December 13th. TD Cowen lifted their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein increased their target price on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $90.35.

Twilio Trading Up 1.8 %

Twilio stock opened at $107.93 on Wednesday. Twilio has a 1 year low of $52.51 and a 1 year high of $116.43. The firm’s 50 day moving average price is $93.67 and its 200-day moving average price is $71.52. 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 stock has a market cap of $16.55 billion, a P/E ratio of -42.00, a PEG ratio of 3.26 and a beta of 1.38.

Insider Activity

In related news, insider Dana Wagner sold 4,174 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.02, for a total value of $271,393.48. Following the completion of the sale, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,575 shares of company stock valued at $3,863,961. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Twilio

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings 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 purchasing an additional 77,436 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $177,622,000 after acquiring an additional 33,824 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after acquiring an additional 224,040 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after acquiring an additional 311,481 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other 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.