Twilio (NYSE:TWLO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Twilio (NYSE:TWLO - Free Report) had its price target hoisted by Morgan Stanley from $77.00 to $115.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the technology company's stock.

Several other brokerages have also recently commented on TWLO. Sanford C. Bernstein boosted their target price on Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a report on Tuesday, August 27th. The Goldman Sachs Group upped their price target on Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a report on Friday, November 1st. TD Cowen upped their price target on Twilio from $70.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Barclays upped their price target on Twilio from $65.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Finally, Oppenheimer upped their price target on Twilio from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $90.35.

Twilio Stock Performance

Shares of TWLO traded down $4.30 during mid-day trading on Wednesday, reaching $105.46. 3,418,523 shares of the company's stock traded hands, compared to its average volume of 2,698,142. The business's 50-day moving average price is $91.47 and its 200-day moving average price is $70.68. The stock has a market capitalization of $16.18 billion, a P/E ratio of -41.04, a price-to-earnings-growth ratio of 3.26 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. Twilio has a 12 month low of $52.51 and a 12 month high of $116.43.

Insider Activity

In other Twilio news, insider Dana Wagner sold 4,629 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares of the company's stock, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 6,701 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the transaction, the chief financial officer now directly owns 177,869 shares of the company's stock, valued at approximately $11,566,821.07. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,575 shares of company stock worth $3,863,961 in the last ninety days. Corporate insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TWLO. AQR Capital Management LLC raised its position in shares of Twilio by 736.9% during the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company's stock valued at $63,915,000 after buying an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake 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 acquiring an additional 630,627 shares during the period. Panagora Asset Management Inc. increased its stake in Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company's stock valued at $40,707,000 after acquiring an additional 531,075 shares during the period. Pacer Advisors Inc. increased 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 acquiring an additional 444,295 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company's stock valued at $26,066,000 after acquiring an additional 398,872 shares during the period. Institutional investors and hedge funds own 84.27% of the company's stock.

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.