Twilio (NYSE:TWLO) Sets New 52-Week High After Analyst Upgrade

Twilio Inc. (NYSE:TWLO)’s stock price hit a new 52-week high during trading on Friday after Baird R W upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $135.11 and last traded at $135.05, with a volume of 539398 shares trading hands. The stock had previously closed at $113.40.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. raised their price objective on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday. Northland Securities lifted their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Needham & Company LLC lifted their price target on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group upped their price target on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.96.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,527 shares of company stock valued at $2,844,655. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management purchased a new stake in Twilio in the fourth quarter worth about $344,000. KBC Group NV increased its stake in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after buying an additional 9,140 shares in the last quarter. Zacks Investment Management purchased a new stake in Twilio in the 3rd quarter worth $3,386,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares during the last quarter. Finally, Affinity Investment Advisors LLC bought a new position in shares of Twilio during the 3rd quarter valued at about $434,000. Institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 19.9 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market cap of $20.86 billion, a P/E ratio of -52.91, a P/E/G ratio of 2.22 and a beta of 1.38. The stock’s fifty day moving average is $109.20 and its 200 day moving average is $81.22.

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.