Twilio (NYSE:TWLO) Raised to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Twilio (NYSE:TWLO) from an equal weight rating to an overweight rating in a research note published on Tuesday morning, Marketbeat reports. Wells Fargo & Company currently has $120.00 target price on the technology company’s stock, up from their previous target price of $80.00.

A number of other research firms also recently weighed in on TWLO. Needham & Company LLC boosted their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Morgan Stanley raised their price objective on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Oppenheimer increased their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Barclays lifted their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Twilio currently has a consensus rating of “Hold” and a consensus price target of $83.70.

Twilio Stock Performance

NYSE TWLO opened at $96.54 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a 1-year low of $52.51 and a 1-year high of $101.00. The business has a 50 day simple moving average of $71.47 and a two-hundred day simple moving average of $63.23. The stock has a market capitalization of $14.81 billion, a PE ratio of -37.56, a P/E/G ratio of 2.89 and a beta of 1.32.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 591 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the sale, the insider now directly owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,468 shares of company stock worth $3,509,830 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently bought and sold shares of TWLO. M&T Bank Corp raised its position in Twilio by 16.3% during the third quarter. M&T Bank Corp now owns 8,642 shares of the technology company’s stock valued at $563,000 after acquiring an additional 1,211 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Twilio by 10.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 49,590 shares of the technology company’s stock valued at $3,234,000 after purchasing an additional 4,568 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Twilio during the third quarter worth $1,840,000. MML Investors Services LLC grew its position in Twilio by 33.1% during the third quarter. MML Investors Services LLC now owns 7,768 shares of the technology company’s stock valued at $507,000 after buying an additional 1,930 shares during the period. Finally, Zacks Investment Management purchased a new position in Twilio in the third quarter valued at $3,386,000. 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.