Twilio (NYSE:TWLO) Price Target Raised to $118.00 at Morgan Stanley

Twilio (NYSE:TWLO - Free Report) had its price objective lifted by Morgan Stanley from $115.00 to $118.00 in a research report report published on Friday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the technology company's stock.

A number of other equities analysts have also weighed in on the stock. Robert W. Baird lifted their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Barclays boosted 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. Northland Securities increased their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, Needham & Company LLC increased their target price on Twilio from $71.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $93.74.

Twilio Stock Performance

NYSE TWLO traded down $2.65 during trading on Friday, reaching $111.98. The company's stock had a trading volume of 2,790,458 shares, compared to its average volume of 2,071,561. The business's fifty day moving average price is $107.13 and its 200-day moving average price is $79.27. Twilio has a twelve month low of $52.51 and a twelve month high of $117.92. 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 firm has a market cap of $17.18 billion, a price-to-earnings ratio of -43.57, a P/E/G ratio of 2.13 and a beta of 1.38.

Insider Activity

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 completion of the sale, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction dated 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 owns 244,971 shares of the company's stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 in the last 90 days. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Twilio

Hedge funds have recently made changes to their positions in the business. True Wealth Design LLC grew its position in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after acquiring an additional 416 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Twilio during the 3rd quarter valued at $46,000. Venturi Wealth Management LLC increased its stake in Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after buying an additional 493 shares during the period. Huntington National Bank lifted its holdings in Twilio by 214.5% in the 3rd quarter. Huntington National Bank now owns 780 shares of the technology company's stock worth $51,000 after buying an additional 532 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in Twilio by 15,540.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 782 shares of the technology company's stock valued at $85,000 after buying an additional 777 shares during 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.