Twilio (NYSE:TWLO) Raised to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of Twilio (NYSE:TWLO) from an equal weight rating to an overweight rating in a research report sent to investors on Monday morning, Marketbeat reports. The firm currently has $160.00 price target on the technology company’s stock, up from their previous price target of $144.00.

Several other research firms have also weighed in on TWLO. TD Cowen upped their price objective on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $115.00 to $160.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Northland Securities boosted their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $50.00 target price on shares of Twilio in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and an average price target of $134.26.

Twilio Stock Up 3.5 %

NYSE:TWLO opened at $119.35 on Monday. The business’s fifty day moving average price is $122.61 and its 200 day moving average price is $93.78. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of -186.48, a PEG ratio of 4.30 and a beta of 1.42. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, sell-side analysts forecast that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,906 shares of company stock valued at $2,950,514. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management bought a new stake in shares of Twilio in the fourth quarter valued at about $344,000. KBC Group NV raised its holdings in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Twilio in the 4th quarter worth approximately $230,000. Zacks Investment Management acquired a new stake in shares of Twilio during the 3rd quarter worth approximately $3,386,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares during the period. 84.27% of the stock is owned by institutional investors.

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.