Twilio (NYSE:TWLO) Price Target Raised to $140.00

Twilio (NYSE:TWLO) had its target price raised by Wells Fargo & Company from $120.00 to $140.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Northland Securities lifted their target price on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Barclays boosted their price target on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. UBS Group raised their price objective on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Twilio has an average rating of “Hold” and a consensus price target of $91.22.

Twilio Stock Up 3.7 %

Shares of NYSE:TWLO opened at $113.09 on Thursday. 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 company has a market capitalization of $17.35 billion, a P/E ratio of -44.00, a P/E/G ratio of 3.26 and a beta of 1.38. Twilio has a 52-week low of $52.51 and a 52-week high of $116.43. The stock’s fifty day simple moving average is $101.55 and its 200-day simple moving average is $75.24.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 13,653 shares of company stock valued at $1,185,990 over the last three months. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently added to or reduced their stakes in TWLO. AQR Capital Management LLC raised its position 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 purchasing an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Twilio by 258.4% during 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 last quarter. Pacer Advisors Inc. grew its holdings in 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 acquiring an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after purchasing an additional 398,872 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.