Twilio (NYSE:TWLO) Price Target Raised to $85.00

Twilio (NYSE:TWLO) had its target price upped by Mizuho from $70.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other research firms have also issued reports on TWLO. Barclays increased their target price on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. UBS Group increased their price objective on Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein boosted their target price on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Finally, Tigress Financial boosted their price objective on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.52.

Twilio Stock Down 1.7 %

Shares of NYSE:TWLO opened at $112.98 on Friday. The firm has a market capitalization of $17.33 billion, a PE ratio of -43.96, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio has a 1 year low of $52.51 and a 1 year high of $116.43. 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’s 50-day moving average is $89.77 and its two-hundred day moving average is $69.93.

Insider Transactions at Twilio

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

Institutional Investors Weigh In On Twilio

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in 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 buying an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares during the period. Pacer Advisors Inc. lifted 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 valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after purchasing an additional 398,872 shares during the period. 84.27% of the stock is 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.