Twilio (NYSE:TWLO) Price Target Raised to $150.00

Twilio (NYSE:TWLO) had its price target upped by Mizuho from $140.00 to $150.00 in a research note issued to investors on Friday morning,Benzinga reports. Mizuho currently has an outperform rating on the technology company’s stock.

Several other research firms have also weighed in on TWLO. Royal Bank of Canada reiterated an “underperform” rating and set a $50.00 target price on shares of Twilio in a report on Tuesday, January 21st. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday. Jefferies Financial Group upped their target price on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Finally, TD Cowen upped their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Stock Up 19.9 %

NYSE:TWLO opened at $135.98 on Friday. Twilio has a 12-month low of $52.51 and a 12-month high of $141.40. 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 $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 simple moving average is $109.20 and its 200-day simple moving average is $81.40.

Insider Activity at Twilio

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its holdings 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 valued at $600,447,000 after acquiring an additional 77,436 shares during the period. Pacer Advisors Inc. increased its holdings in shares of 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 acquiring an additional 444,295 shares during the period. Geode Capital Management LLC increased its holdings in shares of Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after acquiring an additional 33,824 shares during the period. AQR Capital Management LLC increased its holdings in shares of Twilio by 736.9% in the 2nd 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. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after acquiring an additional 630,627 shares during the period. 84.27% of the stock is currently 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.