Twilio (NYSE:TWLO) Upgraded to Strong-Buy at Baird R W

Baird R W upgraded shares of Twilio (NYSE:TWLO) from a hold rating to a strong-buy rating in a report issued on Friday,Zacks.com reports.

A number of other analysts also recently commented on TWLO. Jefferies Financial Group increased their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday. Northland Securities upped their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Piper Sandler reiterated an “overweight” rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.96.

Twilio Trading Up 19.9 %

Shares of TWLO opened at $135.98 on Friday. Twilio has a 52-week low of $52.51 and a 52-week high of $141.40. The stock has a market cap of $20.86 billion, a PE ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The firm’s fifty day moving average is $108.41 and its two-hundred day moving average is $80.68. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The shares were 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 owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock valued at $2,844,655 in the last ninety days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the last quarter. Pacer Advisors Inc. lifted 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 worth $187,026,000 after acquiring an additional 444,295 shares during the period. Geode Capital Management LLC grew its stake in shares of Twilio by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares during the last quarter. AQR Capital Management LLC increased its holdings 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 valued at $63,915,000 after purchasing an additional 1,006,391 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised 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 during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

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.