Twilio (NYSE:TWLO) Sets New 12-Month High – Time to Buy?

Twilio Inc. (NYSE:TWLO) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $149.22 and last traded at $148.34, with a volume of 2455946 shares traded. The stock had previously closed at $146.10.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TWLO. Jefferies Financial Group raised their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Oppenheimer lifted their price objective on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Monness Crespi & Hardt upped their price objective on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $119.25.

Twilio Trading Up 1.6 %

The firm has a market cap of $22.76 billion, a PE ratio of -57.75, a P/E/G ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a 50 day simple moving average of $112.02 and a two-hundred day simple moving average of $83.22.

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock valued at $2,483,695 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Twilio by 0.8% during the third quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after purchasing an additional 77,436 shares during the last quarter. Pacer Advisors Inc. increased its position in Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Geode Capital Management LLC raised its stake in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after purchasing an additional 33,824 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Twilio by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 866,921 shares of the technology company’s stock valued at $56,541,000 after acquiring an additional 4,061 shares during the period. 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.