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

The Goldman Sachs Group upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a research report released on Monday morning, Marketbeat reports. The Goldman Sachs Group currently has $185.00 price objective on the technology company’s stock, up from their previous price objective of $77.00.

Other equities analysts have also issued reports about the company. Barclays increased their price objective on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Friday, November 15th. Baird R W raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group upped their price target on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Price Performance

NYSE TWLO opened at $146.32 on Monday. The company has a 50-day moving average price of $111.06 and a two-hundred day moving average price of $82.78. Twilio has a 52 week low of $52.51 and a 52 week high of $148.37. The stock has a market cap of $22.44 billion, a price-to-earnings ratio of -56.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,629 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio 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 transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,015 shares of company stock valued at $2,483,695. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of hedge funds have recently made changes to their positions in TWLO. Sei Investments Co. increased its stake in Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after buying an additional 929 shares during the period. MBB Public Markets I LLC purchased a new position in shares of Twilio during the 2nd quarter valued at $716,000. Mackenzie Financial Corp increased its stake in shares of Twilio by 19.0% in the second quarter. Mackenzie Financial Corp now owns 23,004 shares of the technology company’s stock worth $1,307,000 after acquiring an additional 3,680 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in shares of Twilio by 78.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after acquiring an additional 31,227 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Twilio by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 34,189 shares of the technology company’s stock valued at $1,942,000 after purchasing an additional 768 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.