Twilio (NYSE:TWLO) Raised to “Buy” at The Goldman Sachs Group

Twilio (NYSE:TWLO) was upgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $185.00 price objective on the technology company’s stock, up from their previous price objective of $77.00. The Goldman Sachs Group’s price target indicates a potential upside of 26.05% from the stock’s previous close.

Several other research firms have also commented on TWLO. Tigress Financial upped their price target on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Northland Securities lifted their price target on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Friday, November 15th. Jefferies Financial Group lifted their target price on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Morgan Stanley raised their price target on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Trading Up 5.6 %

Shares of NYSE:TWLO opened at $146.77 on Monday. The business has a 50-day moving average price of $110.06 and a 200-day moving average price of $82.15. The stock has a market cap of $22.51 billion, a price-to-earnings ratio of -57.11, a PEG ratio of 2.22 and a beta of 1.38. Twilio has a 52-week low of $52.51 and a 52-week high of $148.37. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the business’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

Several large investors have recently made changes to their positions in the stock. True Wealth Design LLC boosted its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the period. Brooklyn Investment Group purchased a new position in shares of Twilio in the third quarter valued at approximately $46,000. Venturi Wealth Management LLC grew its holdings in shares of Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after purchasing an additional 493 shares in the last quarter. Huntington National Bank increased its stake in Twilio by 214.5% during the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after buying an additional 532 shares during the period. Finally, Planning Capital Management Corp acquired a new stake in Twilio during the 3rd quarter worth approximately $53,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.