Twilio (NYSE:TWLO) Price Target Raised to $130.00

Twilio (NYSE:TWLO) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $83.00 to $130.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 4.40% from the stock’s current price.

Other research analysts also recently issued reports about the company. Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $115.00 to $160.00 in a report on Friday. Barclays boosted 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. Needham & Company LLC raised their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a research report on Tuesday, January 21st. Finally, Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and increased their target price for the company from $85.00 to $140.00 in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.96.

Twilio Price Performance

TWLO opened at $135.98 on Friday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $109.20 and its 200-day simple moving average is $81.22. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38. Twilio has a 12-month low of $52.51 and a 12-month high of $141.40.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 value of $1,230,525.72. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock worth $2,844,655 over the last quarter. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Twilio

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

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.