Wells Fargo & Company Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

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

A number of other brokerages also recently weighed in on TWLO. Morgan Stanley boosted their price objective on shares of Twilio from $77.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Needham & Company LLC upped their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Oppenheimer raised their price target on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. TD Cowen upped their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. 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. According to data from MarketBeat.com, Twilio has a consensus rating of “Hold” and an average target price of $91.22.

Twilio Stock Up 3.7 %

TWLO stock opened at $113.09 on Thursday. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of -44.00, a PEG 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. The firm has a fifty day moving average price of $101.55 and a two-hundred day moving average price of $75.24. 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 Transactions at Twilio

In other news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 13,653 shares of company stock valued at $1,185,990. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Large investors have recently added to or reduced their stakes in the business. KBC Group NV boosted its position in shares of 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 purchasing an additional 9,140 shares during the period. Zacks Investment Management acquired a new position in shares of Twilio in the third quarter worth about $3,386,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares during the period. Affinity Investment Advisors LLC acquired a new stake in shares of Twilio during the third quarter valued at approximately $434,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Twilio during the third quarter valued at approximately $2,168,000. 84.27% of the stock is currently owned by 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.