Twilio (NYSE:TWLO) Upgraded at Mizuho

Mizuho upgraded shares of Twilio (NYSE:TWLO) from a neutral rating to an outperform rating in a report released on Wednesday, Marketbeat reports. The firm currently has $140.00 price objective on the technology company’s stock, up from their previous price objective of $85.00.

Other equities research analysts also recently issued reports about the stock. Tigress Financial upped their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. Needham & Company LLC boosted their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. UBS Group raised their price target on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.61.

Twilio Stock Performance

Shares of TWLO opened at $108.05 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market cap of $16.57 billion, a PE ratio of -42.04, 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 stock’s fifty day moving average price is $105.04 and its two-hundred day moving average price is $77.21.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares in the company, valued at $13,813,360. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock worth $2,844,655 in the last quarter. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares during the last quarter. Covestor Ltd grew its position in shares of Twilio by 16.7% in the 3rd 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 stake in shares of Twilio by 25.0% during 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 during the period. Metis Global Partners LLC lifted its stake in Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after acquiring an additional 182 shares during the period. Finally, US Bancorp DE boosted its holdings in Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after acquiring an additional 217 shares in 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.