Twilio (NYSE:TWLO) Given New $130.00 Price Target at JPMorgan Chase & Co.

Twilio (NYSE:TWLO) had its target price hoisted by JPMorgan Chase & Co. from $83.00 to $130.00 in a research note issued to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

Several other analysts also recently weighed in on TWLO. Piper Sandler upped their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Barclays increased their target price on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. UBS Group increased their price objective 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, 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 note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Twilio has a consensus rating of “Moderate Buy” and an average target price of $110.96.

Twilio Price Performance

Shares of NYSE:TWLO opened at $135.98 on Friday. Twilio has a 1 year low of $52.51 and a 1 year high of $141.40. 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 company’s 50 day simple moving average is $108.41 and its 200 day simple moving average is $80.68.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm’s 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 sale, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock valued at $2,844,655 in the last ninety days. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. Sei Investments Co. grew its position in Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after purchasing an additional 929 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of Twilio during the second quarter worth about $337,000. Xponance Inc. increased its holdings in Twilio by 3.3% during the 2nd quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock worth $991,000 after purchasing an additional 561 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Twilio by 62.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock valued at $1,883,000 after buying an additional 12,761 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Twilio during the 2nd quarter valued at $87,000. Institutional investors own 84.27% of the company’s stock.

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.