JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its target price increased by JPMorgan Chase & Co. from $83.00 to $130.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

A number of other research firms have also recently weighed in on TWLO. The Goldman Sachs Group increased their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Northland Securities increased their price objective on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Needham & Company LLC boosted their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $115.00 to $160.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Twilio has an average rating of “Moderate Buy” and an average price target of $110.96.

Twilio Stock Up 19.9 %

Shares of NYSE:TWLO opened at $135.98 on Friday. The company’s 50-day moving average is $108.41 and its 200 day moving average is $80.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $141.40.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Twilio

A number of large investors have recently modified their holdings of TWLO. Ritholtz Wealth Management bought a new position in Twilio during the fourth quarter valued at approximately $344,000. KBC Group NV grew its holdings in shares of Twilio by 67.4% during 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 bought a new position in shares of Twilio during the 3rd quarter valued at $3,386,000. Wealth Enhancement Advisory Services LLC raised its position in Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares during the period. Finally, Affinity Investment Advisors LLC bought a new stake in Twilio in the third quarter worth $434,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.