Twilio (NYSE:TWLO) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Twilio (NYSE:TWLO) had its price target cut by JPMorgan Chase & Co. from $335.00 to $300.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 45.67% from the company’s previous close.

TWLO has been the subject of a number of other reports. Zacks Research raised Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. Wells Fargo & Company raised their price objective on shares of Twilio from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. Bank of America boosted their price objective on shares of Twilio from $270.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Piper Sandler upped their target price on shares of Twilio from $192.00 to $247.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Twilio in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.48.

Twilio Stock Up 0.4%

Shares of NYSE TWLO opened at $205.95 on Friday. The company has a market capitalization of $31.63 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 4.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.47 and a quick ratio of 4.62. The business has a 50-day moving average of $256.56 and a two-hundred day moving average of $188.15. Twilio has a 1 year low of $105.00 and a 1 year high of $308.40.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, October 29th. The technology company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.18. Twilio had a return on equity of 5.58% and a net margin of 21.82%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts forecast that Twilio will post 3.12 earnings per share for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 14,442 shares of Twilio stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $291.03, for a total transaction of $4,203,055.26. Following the transaction, the chief executive officer owned 178,863 shares of the company’s stock, valued at $52,054,498.89. The trade was a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aidan Viggiano sold 9,084 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total value of $2,676,600.60. Following the completion of the sale, the chief financial officer owned 99,246 shares of the company’s stock, valued at approximately $29,242,833.90. This represents a 8.39% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 538,818 shares of company stock valued at $134,833,645 in the last three months. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently modified their holdings of TWLO. AIA Group Ltd acquired a new position in shares of Twilio in the 3rd quarter valued at $408,000. Provenance Wealth Advisors LLC purchased a new position in Twilio during the 3rd quarter worth $41,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Twilio by 1.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 31,813 shares of the technology company’s stock worth $9,304,000 after buying an additional 417 shares during the period. BOCHK Asset Management Ltd purchased a new position in shares of Twilio during the third quarter worth about $2,398,000. Finally, Trek Financial LLC increased its position in Twilio by 21.9% in the 3rd quarter. Trek Financial LLC now owns 4,720 shares of the technology company’s stock valued at $1,380,000 after acquiring an additional 847 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Company Profile

Twilio Inc (NYSE:TWLO) provides a cloud-based customer engagement platform that enables businesses to communicate with customers through software and application programming interfaces (APIs). Its services support messaging, voice, video, email, authentication, contact centers and other digital interactions across mobile and web applications.

The company’s products include programmable communications tools, Twilio SendGrid for email delivery, Twilio Verify for user authentication, Twilio Flex for cloud contact centers, and Twilio Segment for collecting and using customer data.