Twilio (NYSE:TWLO) Upgraded at Mizuho

Mizuho upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to an outperform rating in a report published on Wednesday, MarketBeat reports. The firm currently has $140.00 price target on the technology company’s stock, up from their prior price target of $85.00.

A number of other research analysts have also issued reports on the stock. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Friday, November 15th. TD Cowen raised their price target 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. Jefferies Financial Group lifted their price target on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $93.61.

Twilio Trading Down 2.7 %

Shares of TWLO stock opened at $108.05 on Wednesday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $16.57 billion, a P/E ratio of -42.04, a P/E/G ratio of 3.26 and a beta of 1.38. Twilio has a twelve month low of $52.51 and a twelve month high of $116.43. The stock’s fifty day simple moving average is $105.04 and its 200 day simple moving average is $77.21.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was 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 firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock valued at $2,844,655 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently bought and sold shares of TWLO. FMR LLC grew its stake 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 worth $600,447,000 after acquiring an additional 77,436 shares in the last quarter. Pacer Advisors Inc. increased its stake in Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after buying an additional 33,824 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $128,396,000 after buying an additional 224,040 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position 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 valued at $75,813,000 after acquiring an additional 311,481 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Company Profile

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.