Twilio (NYSE:TWLO) Sets New 1-Year High – Time to Buy?

Twilio Inc. (NYSE:TWLO) hit a new 52-week high during trading on Thursday . The company traded as high as $117.92 and last traded at $116.55, with a volume of 529457 shares changing hands. The stock had previously closed at $112.36.

Analyst Ratings Changes

TWLO has been the topic of several research reports. The Goldman Sachs Group raised their price target on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Morgan Stanley increased their price target on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday. Northland Securities boosted their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company upped their target price on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $93.74.

Twilio Trading Down 2.3 %

The stock has a market cap of $17.18 billion, a price-to-earnings ratio of -43.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a 50 day moving average of $107.13 and a 200-day moving average of $79.12.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of the company’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 sale, the insider now owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Twilio

Several hedge funds have recently added to or reduced their stakes in TWLO. AQR Capital Management LLC increased its position in shares of Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Twilio by 258.4% in 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 buying an additional 630,627 shares during the last quarter. Pacer Advisors Inc. raised 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 buying an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after acquiring an additional 311,481 shares in the last quarter. Institutional investors and hedge funds 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.