Twilio (NYSE:TWLO) Hits New 52-Week High – Here’s What Happened

Twilio Inc. (NYSE:TWLO) shares hit a new 52-week high during trading on Thursday . The company traded as high as $149.22 and last traded at $148.34, with a volume of 2455946 shares trading hands. The stock had previously closed at $146.10.

Analysts Set New Price Targets

Several research firms recently weighed in on TWLO. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a report on Tuesday, January 21st. Stifel Nicolaus increased their price objective on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, January 24th. Scotiabank boosted their target price on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Monness Crespi & Hardt increased their price target on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday. Finally, Barclays boosted their price objective on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.25.

Twilio Price Performance

The stock has a market capitalization of $22.76 billion, a PE ratio of -57.75, a P/E/G ratio of 2.22 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 $112.02 and its 200 day moving average is $83.22.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,015 shares of company stock worth $2,483,695. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Twilio by 0.8% in the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after purchasing an additional 77,436 shares during the period. Pacer Advisors Inc. increased its stake in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares in the last quarter. Geode Capital Management LLC raised its stake in Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after buying an additional 33,824 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Twilio by 258.4% during 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. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Twilio by 0.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after buying an additional 4,061 shares in the last quarter. Institutional investors and hedge funds 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.