Twilio (NYSE:TWLO) Given New $155.00 Price Target at Wells Fargo & Company

Twilio (NYSE:TWLO) had its target price upped by Wells Fargo & Company from $140.00 to $155.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

A number of other research firms also recently weighed in on TWLO. 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 note on Friday, November 1st. Tigress Financial lifted their target price on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays increased their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $85.00 to $140.00 in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.96.

Twilio Stock Up 19.9 %

Twilio stock opened at $135.98 on Friday. Twilio has a 12 month low of $52.51 and a 12 month high of $141.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company’s fifty day simple moving average is $108.41 and its 200-day simple moving average is $80.68.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,527 shares of company stock valued at $2,844,655 over the last three months. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of Twilio by 736.9% during 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. Robeco Institutional Asset Management B.V. boosted its stake in shares of 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 in the last quarter. Pacer Advisors Inc. increased 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings 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 last quarter. Finally, KBC Group NV boosted its position in Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after buying an additional 258,469 shares in the last quarter. Institutional investors 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.