Twilio Inc. (NYSE:TWLO) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in Twilio Inc. (NYSE:TWLO) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 49,590 shares of the technology company’s stock after buying an additional 4,568 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Twilio were worth $3,234,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. AQR Capital Management LLC increased its position in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after buying an additional 1,006,391 shares during the period. Robeco Institutional Asset Management B.V. increased 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 worth $57,044,000 after acquiring an additional 630,627 shares during the period. Panagora Asset Management Inc. lifted its position in Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Twilio by 50,490.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares during the period. Institutional investors own 84.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Barclays lifted their target price on Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Morgan Stanley increased their price target on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Robert W. Baird upped their price objective on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Piper Sandler boosted their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $86.52.

Twilio Trading Down 1.7 %

Shares of TWLO opened at $112.98 on Friday. The business’s 50-day moving average price is $89.77 and its 200 day moving average price is $69.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 1-year low of $52.51 and a 1-year high of $116.43.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 4,174 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the completion of the sale, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,701 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $435,766.03. Following the transaction, the chief financial officer now owns 177,869 shares in the company, valued at approximately $11,566,821.07. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,575 shares of company stock worth $3,863,961 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Twilio 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.