Twilio (NYSE:TWLO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Twilio (NYSE:TWLO) had its price objective hoisted by Wells Fargo & Company from $120.00 to $140.00 in a research note released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

TWLO has been the subject of several other research reports. Barclays boosted their price objective on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Northland Securities lifted their target price on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Robert W. Baird increased their price target on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Mizuho lifted their price objective on shares of Twilio from $70.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Twilio has a consensus rating of “Hold” and a consensus price target of $91.22.

Twilio Price Performance

Shares of NYSE TWLO opened at $109.07 on Thursday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $100.70 and its 200-day moving average price is $74.83. The firm has a market capitalization of $16.73 billion, a P/E ratio of -42.44, a P/E/G ratio of 3.26 and a beta of 1.38. Twilio has a 1-year low of $52.51 and a 1-year high of $116.43.

Insider Activity

In related news, insider Dana Wagner sold 4,512 shares of Twilio 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 completion of the sale, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 13,653 shares of company stock worth $1,185,990 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TWLO. FMR LLC raised its position in shares of Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock valued at $600,447,000 after buying an additional 77,436 shares in the last quarter. 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 last quarter. Geode Capital Management LLC raised its position in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after purchasing an additional 224,040 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after purchasing an additional 311,481 shares in the last quarter. 84.27% of the stock is currently 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.