Twilio (NYSE:TWLO) Price Target Raised to $155.00

Twilio (NYSE:TWLO) had its price objective lifted by equities research analysts at Wells Fargo & Company from $140.00 to $155.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 12.58% from the company’s current price.

A number of other research firms also recently weighed in on TWLO. Stifel Nicolaus increased their target price on shares of Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. UBS Group upped their price target on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. Piper Sandler upped their price target on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Hold” and a consensus target price of $102.39.

Twilio Stock Performance

Shares of Twilio stock traded up $24.29 on Friday, reaching $137.69. 7,041,377 shares of the company traded hands, compared to its average volume of 2,472,739. Twilio has a 52 week low of $52.51 and a 52 week high of $140.79. The company has a 50 day moving average of $108.09 and a 200 day moving average of $80.45. The firm has a market capitalization of $21.12 billion, a PE ratio of -53.38, a PEG ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Twilio

Institutional investors and hedge funds have recently made changes to their positions in the business. Ritholtz Wealth Management bought a new position in shares of Twilio during the 4th quarter valued at $344,000. KBC Group NV grew its holdings in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Zacks Investment Management bought a new stake in Twilio in the 3rd quarter worth $3,386,000. Wealth Enhancement Advisory Services LLC grew its holdings 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 acquiring an additional 9,141 shares during the last quarter. Finally, Affinity Investment Advisors LLC bought a new stake in Twilio in the 3rd quarter worth $434,000. Institutional investors own 84.27% of the company’s stock.

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.