Twilio (NYSE:TWLO) Price Target Raised to $83.00 at JPMorgan Chase & Co.

Twilio (NYSE:TWLO) had its price target increased by JPMorgan Chase & Co. from $78.00 to $83.00 in a report released on Thursday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other analysts have also issued reports about the stock. Needham & Company LLC upped their price objective on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho raised their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Twilio has an average rating of “Hold” and an average price target of $79.55.

Twilio Trading Up 5.2 %

Shares of NYSE:TWLO opened at $84.84 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of -33.01, a PEG ratio of 4.59 and a beta of 1.32. Twilio has a 1-year low of $51.90 and a 1-year high of $85.59. The company has a 50 day moving average price of $65.80 and a 200 day moving average price of $61.15.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted ($0.23) EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Twilio will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the sale, the insider now directly owns 146,803 shares in the company, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were 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 approximately $18,087,054.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 buying an additional 224,040 shares during the last quarter. Kodai Capital Management LP increased its position in Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after buying an additional 311,481 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after acquiring an additional 1,006,391 shares during the period. 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.