Twilio (NYSE:TWLO) Given New $118.00 Price Target at Morgan Stanley

Twilio (NYSE:TWLO) had its price target upped by equities research analysts at Morgan Stanley from $115.00 to $118.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target indicates a potential upside of 4.94% from the stock’s current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. upped 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 upped their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Oppenheimer raised their price objective on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Northland Securities upped their target price on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Finally, Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $93.74.

Twilio Price Performance

Shares of TWLO stock traded down $2.19 during trading on Friday, hitting $112.44. The company had a trading volume of 1,446,726 shares, compared to its average volume of 2,012,826. Twilio has a 52 week low of $52.51 and a 52 week high of $117.92. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of -43.85, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $106.29 and its two-hundred day moving average is $78.49.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction on 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 directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its holdings in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares in the last quarter. Covestor Ltd increased its stake in Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC raised its holdings in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after buying an additional 170 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after buying an additional 182 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its holdings in shares of Twilio by 2.4% during the fourth quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock valued at $976,000 after buying an additional 208 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.