Twilio (NYSE:TWLO) Reaches New 12-Month High on Analyst Upgrade

Twilio Inc. (NYSE:TWLO)’s stock price reached a new 52-week high during trading on Friday after UBS Group raised their price target on the stock from $140.00 to $145.00. UBS Group currently has a buy rating on the stock. Twilio traded as high as $135.11 and last traded at $135.05, with a volume of 539398 shares traded. The stock had previously closed at $113.40.

Several other equities research analysts have also recently weighed in on TWLO. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 target price on shares of Twilio in a research note on Tuesday. Jefferies Financial Group raised their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Friday, November 15th. Mizuho upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and raised their target price for the company from $85.00 to $140.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company upped their target price on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Twilio has an average rating of “Hold” and an average target price of $101.74.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The stock was 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 directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 over the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. FMR LLC lifted its stake in Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after buying an additional 77,436 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Geode Capital Management LLC boosted its holdings in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after acquiring an additional 33,824 shares during the period. AQR Capital Management LLC increased its position in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after buying an additional 1,006,391 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Twilio by 258.4% in 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 purchasing an additional 630,627 shares during the period. 84.27% of the stock is currently owned by institutional investors.

Twilio Trading Up 20.9 %

The business has a 50-day moving average of $108.09 and a two-hundred day moving average of $80.45. 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 firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of -53.77, a P/E/G ratio of 2.22 and a beta of 1.38.

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.