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

Twilio (NYSE:TWLO) had its price objective increased by investment analysts at Stifel Nicolaus from $110.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 7.27% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Northland Securities upped their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research note on Tuesday. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Friday, November 15th. The Goldman Sachs Group raised their price target on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, William Blair reiterated an “outperform” rating on shares of Twilio in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $103.26.

Twilio Trading Up 23.6 %

Shares of Twilio stock traded up $26.79 during trading on Friday, hitting $140.19. 8,955,963 shares of the company were exchanged, compared to its average volume of 2,650,552. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $21.50 billion, a P/E ratio of -54.55, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The firm’s fifty day moving average price is $108.09 and its 200 day moving average price is $80.45. Twilio has a 1-year low of $52.51 and a 1-year high of $140.79.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,527 shares of company stock worth $2,844,655. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several large investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after buying an additional 630,627 shares during the last quarter. Pacer Advisors Inc. boosted its stake in 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 buying an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after acquiring an additional 398,872 shares during the last quarter. Finally, KBC Group NV raised its stake in Twilio by 1,138.4% during the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after acquiring an additional 258,469 shares in the last quarter. 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.