Twilio (NYSE:TWLO) Price Target Raised to $130.00

Twilio (NYSE:TWLO) had its target price lifted by JPMorgan Chase & Co. from $83.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 14.92% from the stock’s current price.

Several other research firms also recently issued reports on TWLO. Tigress Financial upped their price objective on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price target on Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their target price on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Barclays lifted their price target on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC increased their price objective on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $99.26.

Twilio Stock Up 0.4 %

TWLO opened at $113.12 on Friday. The firm has a market cap of $17.35 billion, a P/E ratio of -44.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The business has a 50 day moving average price of $108.09 and a 200 day moving average price of $80.45. Twilio has a twelve month low of $52.51 and a twelve month high of $117.92.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated 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 owns 142,291 shares in the company, valued at $11,383,280. This represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % 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 valued at $2,844,655. 4.50% of the stock is owned by insiders.

Institutional Trading of Twilio

Hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC lifted its holdings in Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Twilio during the third quarter valued at $46,000. Venturi Wealth Management LLC boosted its holdings in Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank increased its position in Twilio by 214.5% in the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the period. Finally, Planning Capital Management Corp bought a new stake in Twilio during the 3rd quarter worth about $53,000. 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.