Twilio (NYSE:TWLO) Raised to Buy at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to a buy rating in a research note published on Friday, Marketbeat Ratings reports. They currently have $135.00 price objective on the technology company’s stock.

TWLO has been the topic of a number of other research reports. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Jefferies Financial Group boosted their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Morgan Stanley raised their target price on shares of Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein raised their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.70.

Twilio Price Performance

TWLO stock opened at $96.39 on Friday. The stock has a market cap of $14.78 billion, a PE ratio of -37.51, a price-to-earnings-growth ratio of 2.79 and a beta of 1.32. The stock has a 50-day moving average price of $72.99 and a two-hundred day moving average price of $63.76. Twilio has a 1 year low of $52.51 and a 1 year high of $101.00. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 591 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares of the company’s stock, valued at $9,540,581.19. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,537 shares of company stock worth $3,390,745 over the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of hedge funds and other institutional investors have recently made changes to their positions in TWLO. Vanguard Group Inc. increased its position in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after purchasing an additional 140,791 shares during the period. FMR LLC increased its holdings in Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after buying an additional 77,436 shares during the period. Pacer Advisors Inc. raised its position in shares of Twilio by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 33,824 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Twilio by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after acquiring an additional 224,040 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.