Twilio (NYSE:TWLO) Stock Rating Upgraded by Mizuho

Mizuho upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to an outperform rating in a research report released on Wednesday, MarketBeat Ratings reports. They currently have $140.00 target price on the technology company’s stock, up from their previous target price of $85.00.

TWLO has been the topic of a number of other reports. The Goldman Sachs Group upped their target price on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Northland Securities upped their price target on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. UBS Group upped their target price on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price objective on Twilio from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Twilio has an average rating of “Hold” and an average target price of $93.61.

Twilio Stock Up 1.0 %

Shares of NYSE TWLO opened at $110.87 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a 1 year low of $52.51 and a 1 year high of $116.43. The stock’s 50-day simple moving average is $103.97 and its 200-day simple moving average is $76.60. The firm has a market cap of $17.01 billion, a price-to-earnings ratio of -43.14, a PEG ratio of 3.26 and a beta of 1.38.

Insider Transactions at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,527 shares of company stock worth $2,844,655. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. Tidal Investments LLC raised its holdings in shares of Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares in the last quarter. Covestor Ltd grew its position in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after buying an additional 170 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after acquiring an additional 182 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Twilio by 4.7% during the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after acquiring an additional 217 shares in the last quarter. 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.