Twilio (NYSE:TWLO) Given New $140.00 Price Target at Barclays

Twilio (NYSE:TWLO) had its price target hoisted by research analysts at Barclays from $120.00 to $140.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s target price points to a potential upside of 13.46% from the stock’s previous close.

Several other research firms also recently issued reports on TWLO. 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 note on Thursday, October 31st. Stifel Nicolaus boosted their target price on Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Jefferies Financial Group raised their price target on shares of Twilio from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and an average target price of $124.25.

Twilio Trading Down 16.2 %

Shares of NYSE:TWLO traded down $23.89 during midday trading on Friday, hitting $123.39. The company had a trading volume of 7,204,867 shares, compared to its average volume of 3,559,275. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of -48.01, a PEG ratio of 3.60 and a beta of 1.43. 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 firm has a fifty day simple moving average of $120.96 and a 200 day simple moving average of $89.74. Twilio has a 12 month low of $52.51 and a 12 month high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 10.65% and a positive return on equity of 0.85%. On average, analysts predict that Twilio will post 0.88 EPS for the current year.

Insider Activity

In related news, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,015 shares of company stock valued at $2,483,695. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of Twilio by 0.8% during 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. Arrowstreet Capital Limited Partnership increased its stake in shares of Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares in 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 during the last quarter. Finally, Norges Bank bought a new stake in shares of Twilio during the 4th quarter worth $222,146,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.