Twilio (NYSE:TWLO) Given New $300.00 Price Target at JPMorgan Chase & Co.

Twilio (NYSE:TWLO) had its price target cut by JPMorgan Chase & Co. from $335.00 to $300.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities research analysts have also issued reports on TWLO. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 price target on shares of Twilio in a research note on Friday, August 7th. UBS Group dropped their price objective on Twilio from $285.00 to $255.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company increased their target price on Twilio from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 27th. Bank of America lifted their target price on Twilio from $270.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Finally, Wolfe Research raised Twilio to a “buy” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $266.48.

Twilio Price Performance

Shares of NYSE:TWLO opened at $205.95 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.47 and a quick ratio of 4.62. Twilio has a 1-year low of $105.00 and a 1-year high of $308.40. The company has a market capitalization of $31.63 billion, a P/E ratio of 25.91, a P/E/G ratio of 4.20 and a beta of 1.35. The firm’s 50 day simple moving average is $256.56 and its two-hundred day simple moving average is $188.15.

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

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 14,442 shares of the business’s stock in a transaction on Monday, October 5th. The shares were 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 in the company, 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 legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aidan Viggiano sold 9,084 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total value of $2,676,600.60. Following the sale, the chief financial officer directly owned 99,246 shares of the company’s stock, valued at $29,242,833.90. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 538,818 shares of company stock valued at $134,833,645. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CX Institutional increased its stake in shares of Twilio by 9.5% during the second quarter. CX Institutional now owns 701 shares of the technology company’s stock valued at $145,000 after buying an additional 61 shares during the period. Wedbush Securities Inc. lifted its position in shares of Twilio by 4.6% in the 3rd quarter. Wedbush Securities Inc. now owns 1,516 shares of the technology company’s stock worth $443,000 after purchasing an additional 66 shares during the period. WPG Advisers LLC lifted its position in shares of Twilio by 48.0% in the 3rd quarter. WPG Advisers LLC now owns 222 shares of the technology company’s stock worth $65,000 after purchasing an additional 72 shares during the period. Affinity Capital Advisors LLC lifted its position in shares of Twilio by 2.6% in the 2nd quarter. Affinity Capital Advisors LLC now owns 2,869 shares of the technology company’s stock worth $600,000 after purchasing an additional 74 shares during the period. Finally, Wedmont Private Capital boosted its stake in shares of Twilio by 2.1% during the second quarter. Wedmont Private Capital now owns 3,691 shares of the technology company’s stock valued at $792,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

About Twilio

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.