Twilio (NYSE:TWLO) Price Target Raised to $160.00

Twilio (NYSE:TWLO) had its price objective boosted by equities researchers at Oppenheimer from $90.00 to $160.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s target price would indicate a potential upside of 15.46% from the stock’s current price.

A number of other analysts also recently issued reports on TWLO. Mizuho raised shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $85.00 to $140.00 in a research report on Wednesday, January 8th. Tigress Financial lifted their target price on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group lifted their price target on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company increased their target price on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $106.30.

Twilio Trading Up 22.2 %

Shares of TWLO stock traded up $25.17 on Friday, hitting $138.57. 10,533,875 shares of the stock traded hands, compared to its average volume of 2,750,085. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a twelve month low of $52.51 and a twelve month high of $141.40. The firm’s 50-day moving average price is $108.41 and its two-hundred day moving average price is $80.68. The stock has a market capitalization of $21.25 billion, a PE ratio of -53.92, a PEG ratio of 2.22 and a beta of 1.38.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on 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 approximately $11,383,280. The trade was a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The shares were 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 $27,823,806.18. This represents a 4.24 % 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 worth $2,844,655 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Twilio

Several hedge funds have recently bought and sold shares of TWLO. Ritholtz Wealth Management purchased a new stake in shares of Twilio in the fourth quarter valued at about $344,000. KBC Group NV lifted its stake in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after buying an additional 9,140 shares in the last quarter. Zacks Investment Management acquired a new stake in Twilio during the 3rd quarter valued at $3,386,000. Wealth Enhancement Advisory Services LLC increased its position in Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares in the last quarter. Finally, Affinity Investment Advisors LLC purchased a new stake in shares of Twilio in the third quarter valued at $434,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.