Twilio (NYSE:TWLO) Price Target Raised to $118.00 at Morgan Stanley

Twilio (NYSE:TWLO) had its price target raised by Morgan Stanley from $115.00 to $118.00 in a research report report published on Friday,Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

A number of other research firms also recently issued reports on TWLO. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Barclays raised their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Mizuho upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $85.00 to $140.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $93.74.

Twilio Trading Down 2.3 %

Shares of TWLO stock opened at $111.98 on Friday. The firm has a 50-day moving average of $107.13 and a 200-day moving average of $79.12. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a one year low of $52.51 and a one year high of $117.92.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, 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 worth $2,844,655 over the last three months. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TWLO. AQR Capital Management LLC increased its stake in shares of Twilio by 736.9% in the second 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. Robeco Institutional Asset Management B.V. increased its position in 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 valued at $57,044,000 after purchasing an additional 630,627 shares during the period. Pacer Advisors Inc. increased its position in Twilio by 18.3% during the 3rd 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. Allspring Global Investments Holdings LLC increased its position in Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.