Morgan Stanley Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price target boosted by Morgan Stanley from $77.00 to $115.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

A number of other equities research analysts have also recently commented on the company. Robert W. Baird increased their price target on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Piper Sandler raised their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, TD Cowen boosted their price objective on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $90.35.

Twilio Stock Performance

Shares of TWLO stock opened at $107.93 on Wednesday. Twilio has a 12-month low of $52.51 and a 12-month high of $116.43. The business’s fifty day simple moving average is $93.67 and its 200-day simple moving average is $71.52. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The company has a market cap of $16.55 billion, a PE ratio of -42.00, a PEG ratio of 3.26 and a beta of 1.38.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. This represents a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 6,682 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total value of $437,938.28. Following the sale, the chief financial officer now owns 171,187 shares in the company, valued at $11,219,595.98. This trade represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,575 shares of company stock valued at $3,863,961 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its holdings 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 acquiring an additional 1,006,391 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Twilio by 286.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after purchasing an additional 531,075 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Twilio by 50,490.1% in 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 buying an additional 398,872 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.