JPMorgan Chase & Co. Has Lowered Expectations for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $335.00 to $300.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 45.67% from the stock’s current price.

TWLO has been the subject of several other reports. Mizuho set a $270.00 price target on shares of Twilio in a research note on Wednesday, August 12th. KeyCorp boosted their price objective on shares of Twilio from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. UBS Group cut their price objective on shares of Twilio from $285.00 to $255.00 and set a “buy” rating on the stock in a report on Friday. Zacks Research raised shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. Finally, Monness Crespi & Hardt lifted their target price on shares of Twilio from $246.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. Three equities research 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 stock. Based on data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and an average price target of $266.48.

Twilio Trading Up 0.4%

NYSE TWLO opened at $205.95 on Friday. The firm has a market capitalization of $31.63 billion, a PE ratio of 25.91, a P/E/G ratio of 4.20 and a beta of 1.35. The stock’s 50 day moving average is $256.56 and its 200 day moving average is $188.15. Twilio has a twelve month low of $105.00 and a twelve month high of $308.40. The company has a quick ratio of 4.62, a current ratio of 4.47 and a debt-to-equity ratio of 0.11.

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

Insider Transactions at Twilio

In other news, CFO Aidan Viggiano sold 9,084 shares of Twilio stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 99,246 shares of the company’s stock, valued at $29,242,833.90. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 178,863 shares in the company, valued at approximately $52,054,498.89. The trade was a 7.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 538,818 shares of company stock valued at $134,833,645 in the last quarter. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Congress Asset Management Co. boosted its stake in shares of Twilio by 16.2% in the 3rd quarter. Congress Asset Management Co. now owns 160,425 shares of the technology company’s stock worth $46,918,000 after buying an additional 22,311 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Twilio during the second quarter valued at $1,637,000. Assenagon Asset Management S.A. increased its position in Twilio by 67.8% during the second quarter. Assenagon Asset Management S.A. now owns 120,582 shares of the technology company’s stock valued at $24,880,000 after acquiring an additional 48,742 shares during the last quarter. Nykredit A S purchased a new stake in Twilio during the second quarter valued at $10,514,000. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in Twilio in the first quarter valued at about $4,288,000. 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.