UBS Group Boosts Twilio (NYSE:TWLO) Price Target to $145.00

Twilio (NYSE:TWLO) had its target price raised by research analysts at UBS Group from $140.00 to $145.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s price objective indicates a potential upside of 28.18% from the company’s current price.

A number of other research analysts have also recently commented on TWLO. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Friday, November 15th. Barclays boosted their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Piper Sandler raised their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their target price 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. Finally, Morgan Stanley lifted their price target 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.74.

Twilio Stock Performance

NYSE:TWLO opened at $113.12 on Friday. 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 stock’s fifty day moving average is $108.09 and its 200 day moving average is $80.45. The firm has a market capitalization of $17.35 billion, a PE ratio of -44.02, a PEG ratio of 2.22 and a beta of 1.38. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $117.92.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 10,834 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the company’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 sale, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,527 shares of company stock worth $2,844,655. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently made changes to their positions in TWLO. FMR LLC grew its holdings in shares of Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $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% in the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after buying an additional 33,824 shares during the period. AQR Capital Management LLC boosted its stake in shares of Twilio by 736.9% in 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after acquiring an additional 630,627 shares during the period. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.