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

Twilio (NYSE:TWLO) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm currently has a $160.00 price target on the technology company’s stock, up from their prior price target of $144.00. Morgan Stanley’s target price points to a potential upside of 40.16% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Mizuho increased their price target on shares of Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Royal Bank of Canada restated an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a report on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.74.

Twilio Price Performance

Shares of Twilio stock opened at $114.16 on Monday. 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 stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of -178.37, a P/E/G ratio of 4.30 and a beta of 1.42. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The firm’s 50-day moving average price is $122.09 and its two-hundred day moving average price is $92.81.

Twilio (NYSE:TWLO) last issued its quarterly earnings data 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 firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, equities analysts predict that Twilio will post 1.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. The trade was a 0.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $1,230,525.72. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,406 shares of company stock worth $2,656,889 in the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Twilio

Several hedge funds and other institutional investors have recently made changes to their positions in TWLO. True Wealth Design LLC grew its holdings in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Twilio by 79.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Twilio during the 4th quarter valued at approximately $44,000. Finally, Brooklyn Investment Group bought a new stake in shares of Twilio during the 3rd quarter valued at approximately $46,000. 84.27% of the stock is 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.