Twilio (NYSE:TWLO) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Twilio (NYSE:TWLO) had its price target cut by JPMorgan Chase & Co. from $335.00 to $300.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other equities research analysts have also issued reports on TWLO. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price objective on shares of Twilio in a research note on Friday, August 7th. KGI Securities began coverage on Twilio in a report on Thursday, July 2nd. They issued an “outperform” rating and a $250.00 price objective for the company. Rosenblatt Securities increased their target price on Twilio from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. Oppenheimer boosted their target price on Twilio from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Finally, Wells Fargo & Company raised their price target on shares of Twilio from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Twilio currently has an average rating of “Moderate Buy” and an average price target of $266.48.

Twilio Stock Up 0.4%

Shares of Twilio stock opened at $205.95 on Friday. The stock’s 50-day moving average is $256.56 and its 200 day moving average is $188.15. The firm has a market cap of $31.63 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 4.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.47 and a quick ratio of 4.62. Twilio has a one year low of $105.00 and a one year high of $308.40.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, October 29th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Twilio had a net margin of 21.82% and a return on equity of 5.58%. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Equities research analysts anticipate that Twilio will post 3.12 EPS for the current year.

Insider Buying and Selling at Twilio

In related news, Director Andrew Stafman sold 500,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $247.08, for a total value of $123,540,000.00. Following the completion of the transaction, the director owned 120,000 shares of the company’s stock, valued at approximately $29,649,600. This represents a 80.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 9,084 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total value of $2,676,600.60. Following the sale, the chief financial officer owned 99,246 shares of the company’s stock, valued at approximately $29,242,833.90. This trade represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 538,818 shares of company stock valued at $134,833,645. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

Several large investors have recently bought and sold shares of TWLO. Ascentis Independent Advisors purchased a new position in shares of Twilio in the 1st quarter valued at approximately $33,000. Continuum Advisory LLC purchased a new position in Twilio in the 2nd quarter valued at about $33,000. Western Pacific Wealth Management LP purchased a new stake in shares of Twilio in the third quarter valued at $39,000. Provenance Wealth Advisors LLC acquired a new stake in Twilio during the third quarter worth about $41,000. Finally, Hilltop National Bank purchased a new stake in Twilio during the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

About Twilio

Twilio Inc (NYSE:TWLO) provides a cloud-based customer engagement platform that enables businesses to communicate with customers through software and application programming interfaces (APIs). Its services support messaging, voice, video, email, authentication, contact centers and other digital interactions across mobile and web applications.

The company’s products include programmable communications tools, Twilio SendGrid for email delivery, Twilio Verify for user authentication, Twilio Flex for cloud contact centers, and Twilio Segment for collecting and using customer data.