Twilio (NYSE:TWLO) Upgraded to “Strong-Buy” at Baird R W

Twilio (NYSE:TWLO) was upgraded by analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on TWLO. Oppenheimer boosted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley raised their price target on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Tigress Financial upped their price objective on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Needham & Company LLC raised their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays upped their price target on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Twilio currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Stock Performance

Shares of TWLO opened at $135.98 on Friday. 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 12-month low of $52.51 and a 12-month high of $141.40. The business’s fifty day moving average price is $108.41 and its 200 day moving average price is $80.68. The stock has a market capitalization of $20.86 billion, a PE ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

Insider Activity

In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on 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 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. In the last 90 days, insiders sold 26,527 shares of company stock worth $2,844,655. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TWLO. AQR Capital Management LLC lifted its position in Twilio by 736.9% in 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in 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 purchasing an additional 630,627 shares during the last quarter. Pacer Advisors Inc. boosted its position in Twilio by 18.3% during 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 during the last quarter. Allspring Global Investments Holdings LLC increased its position in Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after purchasing an additional 398,872 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after purchasing an additional 258,469 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.