Wells Fargo & Company Increases Twilio (NYSE:TWLO) Price Target to $65.00

Twilio (NYSE:TWLO) had its price objective hoisted by Wells Fargo & Company from $60.00 to $65.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

A number of other research firms have also recently issued reports on TWLO. Macquarie cut their price objective on Twilio from $69.00 to $63.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Sanford C. Bernstein reduced their price objective on shares of Twilio from $70.00 to $68.00 and set a market perform rating for the company in a research report on Wednesday, May 8th. Robert W. Baird decreased their price objective on shares of Twilio from $70.00 to $65.00 and set a neutral rating on the stock in a report on Wednesday, May 8th. Morgan Stanley cut Twilio from an overweight rating to an equal weight rating and cut their price target for the company from $70.00 to $60.00 in a research note on Friday, June 14th. Finally, Tigress Financial assumed coverage on shares of Twilio in a report on Friday, June 28th. They issued a buy rating and a $75.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $70.27.

Twilio Stock Down 4.7 %

TWLO stock opened at $59.93 on Friday. Twilio has a twelve month low of $49.86 and a twelve month high of $78.16. The company has a market cap of $10.26 billion, a price-to-earnings ratio of -15.68, a P/E/G ratio of 8.78 and a beta of 1.35. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $57.07 and a two-hundred day moving average price of $60.78.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.21%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.23) EPS. Analysts anticipate that Twilio will post 0.22 EPS for the current fiscal year.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,877 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $611,940.02. Following the completion of the transaction, the chief executive officer now owns 289,207 shares in the company, valued at approximately $16,270,785.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Khozema Shipchandler sold 10,877 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $56.26, for a total value of $611,940.02. Following the completion of the transaction, the chief executive officer now directly owns 289,207 shares of the company’s stock, valued at $16,270,785.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 796 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $49,105.24. Following the completion of the sale, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The disclosure for this sale can be found here. Insiders sold a total of 66,967 shares of company stock valued at $3,796,221 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors have recently made changes to their positions in TWLO. Vanguard Group Inc. boosted its holdings in Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after acquiring an additional 140,791 shares in the last quarter. Norges Bank bought a new stake in shares of Twilio in the fourth quarter worth approximately $179,739,000. Kodai Capital Management LP boosted its stake in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Twilio by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock valued at $105,131,000 after acquiring an additional 217,796 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Twilio by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock worth $95,261,000 after buying an additional 43,124 shares during the last quarter. Hedge funds and other institutional investors 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.