Twilio (NYSE:TWLO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Twilio (NYSE:TWLO) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $83.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 14.92% from the stock’s current price.

A number of other brokerages have also weighed in on TWLO. Royal Bank of Canada restated an “underperform” rating and set a $50.00 price objective on shares of Twilio in a research note on Tuesday. Barclays raised their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Northland Securities raised 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. Morgan Stanley boosted their target price on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Finally, Oppenheimer raised their price target on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus price target of $99.26.

Twilio Stock Performance

NYSE:TWLO opened at $113.12 on Friday. Twilio has a 1-year low of $52.51 and a 1-year high of $117.92. The stock has a market cap of $17.35 billion, a P/E ratio of -44.02, a PEG ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50-day moving average of $108.09 and a two-hundred day moving average of $80.45.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock worth $2,844,655 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of hedge funds have recently bought and sold shares of the company. Ritholtz Wealth Management purchased a new stake in shares of Twilio in the fourth quarter valued at $344,000. KBC Group NV raised its stake in shares of Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after purchasing an additional 9,140 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Twilio during the 3rd quarter valued at about $3,386,000. Wealth Enhancement Advisory Services LLC increased its holdings in Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares during the last quarter. Finally, Affinity Investment Advisors LLC bought a new position in Twilio during the third quarter valued at approximately $434,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.