Nomura Asset Management Co. Ltd. Increases Position in Twilio Inc. (NYSE:TWLO)

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

Several other institutional investors also recently bought and sold shares of TWLO. SouthState Corp boosted its holdings in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the last quarter. True Wealth Design LLC boosted its stake in Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Twilio in the 2nd quarter worth about $29,000. Brooklyn Investment Group purchased a new stake in Twilio in the 3rd quarter valued at about $46,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TWLO has been the subject of a number of recent analyst reports. Mizuho boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “neutral” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, November 15th. Oppenheimer boosted their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.52.

Twilio Stock Down 1.7 %

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

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 6,701 shares of the stock in a transaction dated Monday, September 30th. The shares were 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 of the company’s stock, valued at approximately $11,566,821.07. This trade represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 1,248 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total value of $81,793.92. Following the completion of the sale, the insider now directly owns 151,315 shares of the company’s stock, valued at approximately $9,917,185.10. This represents a 0.82 % 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 in the last 90 days. 4.50% of the stock is owned by corporate insiders.

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.