Twilio (NYSE:TWLO) Given New $77.00 Price Target at Morgan Stanley

Twilio (NYSE:TWLO) had its price objective boosted by Morgan Stanley from $70.00 to $77.00 in a research report released on Thursday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company’s stock.

A number of other analysts have also weighed in on the company. JPMorgan Chase & Co. increased their target price on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Oppenheimer increased their price objective on shares of Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Sanford C. Bernstein boosted their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Wells Fargo & Company lifted their price target on Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Needham & Company LLC upped their price objective on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $78.64.

Twilio Trading Up 3.2 %

Shares of NYSE:TWLO traded up $2.59 during trading on Thursday, reaching $83.24. The company’s stock had a trading volume of 1,293,041 shares, compared to its average volume of 2,627,884. Twilio has a 12 month low of $51.90 and a 12 month high of $83.58. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The firm’s 50 day simple moving average is $65.32 and its two-hundred day simple moving average is $60.94. The stock has a market capitalization of $13.37 billion, a PE ratio of -31.44, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. On average, research analysts predict that Twilio will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the sale, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,906 shares of company stock worth $3,388,596 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC increased its position in shares of Twilio by 2.3% in the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after acquiring an additional 166 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Twilio by 3.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after purchasing an additional 201 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Twilio by 0.4% during the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 205 shares in the last quarter. US Bancorp DE grew its position in Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after acquiring an additional 217 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its position in shares of Twilio by 0.4% during the second quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other 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.