Nomura Asset Management Co. Ltd. Purchases 4,568 Shares of Twilio Inc. (NYSE:TWLO)

Nomura Asset Management Co. Ltd. boosted its position in Twilio Inc. (NYSE:TWLO - Free Report) by 10.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 49,590 shares of the technology company's stock after purchasing 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 SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock worth $28,000 after purchasing an additional 416 shares during the period. SouthState Corp boosted its stake in Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company's stock valued at $28,000 after acquiring an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio during the 2nd quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of Twilio during the 3rd quarter worth approximately $46,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Twilio by 205.4% in the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock worth $48,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Price Performance

TWLO stock traded down $1.98 during midday trading on Friday, reaching $112.98. The company had a trading volume of 2,178,641 shares, compared to its average volume of 2,434,633. The firm has a 50-day moving average price of $89.77 and a 200-day moving average price of $69.93. The company has a market capitalization of $17.33 billion, a P/E ratio of -43.96, a P/E/G ratio of 3.26 and a beta of 1.38. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $116.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 11,073 shares of the company's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares of the company's stock, valued at approximately $18,087,054.02. This represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,174 shares of Twilio stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the transaction, the insider now owns 152,563 shares in the company, valued at approximately $9,919,646.26. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,575 shares of company stock valued at $3,863,961. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

TWLO has been the subject of a number of recent research reports. Sanford C. Bernstein raised their target price on Twilio from $68.00 to $70.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 27th. The Goldman Sachs Group boosted their price objective on Twilio from $67.00 to $77.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Tigress Financial boosted their price target on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Piper Sandler raised their price objective on shares of Twilio from $83.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $86.52.

About Twilio

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.