Twilio (NYSE:TWLO) Price Target Raised to $160.00

Twilio (NYSE:TWLO) had its price target upped by Scotiabank from $90.00 to $160.00 in a report issued on Friday,Benzinga reports. Scotiabank currently has a sector outperform rating on the technology company’s stock.

Several other research firms have also recently issued reports on TWLO. Needham & Company LLC raised their price objective on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. Barclays lifted 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. UBS Group increased their price objective on shares of Twilio from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday. Finally, Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $115.00 to $160.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.96.

Twilio Stock Performance

NYSE:TWLO opened at $135.98 on Friday. Twilio has a 1-year low of $52.51 and a 1-year high of $141.40. The firm has a 50 day simple moving average of $108.41 and a 200-day simple moving average of $80.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,527 shares of company stock valued at $2,844,655. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. raised its stake in Twilio by 5.2% during the second quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after buying an additional 929 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Twilio during the second quarter worth $337,000. Xponance Inc. boosted its holdings in Twilio by 3.3% in the second quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock worth $991,000 after purchasing an additional 561 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Twilio by 62.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock valued at $1,883,000 after purchasing an additional 12,761 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Twilio during the second quarter worth $87,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.