Twilio (NYSE:TWLO) Raised to “Outperform” at Mizuho

Twilio (NYSE:TWLO) was upgraded by stock analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a $140.00 target price on the technology company’s stock, up from their prior target price of $85.00. Mizuho’s target price points to a potential upside of 27.57% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Piper Sandler raised their price objective on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Tigress Financial upped their target price on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group raised their target price on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, UBS Group increased their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.61.

Twilio Stock Down 2.9 %

Shares of NYSE:TWLO opened at $109.74 on Wednesday. The stock has a 50-day simple moving average of $103.17 and a 200-day simple moving average of $76.36. The stock has a market capitalization of $16.83 billion, a P/E ratio of -42.70, a PEG ratio of 3.26 and a beta of 1.38. Twilio has a 1 year low of $52.51 and a 1 year high of $116.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,512 shares of Twilio 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 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 Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Twilio

Several large investors have recently bought and sold shares of TWLO. AQR Capital Management LLC increased its stake in shares of Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after acquiring an additional 1,006,391 shares during the period. Robeco Institutional Asset Management B.V. increased 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 valued at $57,044,000 after purchasing an additional 630,627 shares during the period. Pacer Advisors Inc. lifted its holdings 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 buying an additional 444,295 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Twilio by 50,490.1% during 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 buying an additional 398,872 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after acquiring an additional 311,481 shares during the period. 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.