Twilio (NYSE:TWLO) Given New $110.00 Price Target at Stifel Nicolaus

Twilio (NYSE:TWLO) had its price target increased by analysts at Stifel Nicolaus from $80.00 to $110.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 1.05% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. UBS Group lifted their price target on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Mizuho lifted their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Northland Securities increased their price target on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $90.35.

Twilio Trading Down 0.8 %

TWLO stock traded down $0.90 during trading on Wednesday, reaching $108.86. The company had a trading volume of 903,291 shares, compared to its average volume of 2,687,637. Twilio has a 52 week low of $52.51 and a 52 week high of $116.43. The company has a market cap of $16.70 billion, a P/E ratio of -42.22, a PEG ratio of 3.26 and a beta of 1.38. The business has a 50 day moving average of $91.47 and a 200 day moving average of $70.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,174 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the sale, the insider now owns 152,563 shares of the company’s stock, valued at $9,919,646.26. The trade was a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,575 shares of company stock valued at $3,863,961. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings 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 last quarter. Robeco Institutional Asset Management B.V. increased its position 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 valued at $57,044,000 after acquiring an additional 630,627 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Twilio by 18.3% during the third 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. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Twilio by 50,490.1% in 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. Hedge funds and other 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.