Twilio Inc (NYSE:TWLO) Shares Bought by Tyers Asset Management LLC
Tyers Asset Management LLC lifted its holdings in Twilio Inc (NYSE:TWLO) by 96.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,328 shares of the technology company’s stock after acquiring an additional 1,632 shares during the period. Tyers Asset Management LLC’s holdings in Twilio were worth $454,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC increased its position in shares of Twilio by 264.4% in the second quarter. Jennison Associates LLC now owns 3,482,690 shares of the technology company’s stock worth $474,865,000 after acquiring an additional 2,526,830 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of Twilio by 335.5% in the second quarter. NEXT Financial Group Inc now owns 5,923 shares of the technology company’s stock worth $808,000 after acquiring an additional 4,563 shares in the last quarter. Biondo Investment Advisors LLC increased its position in shares of Twilio by 0.6% in the second quarter. Biondo Investment Advisors LLC now owns 22,795 shares of the technology company’s stock worth $3,108,000 after acquiring an additional 135 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Twilio in the second quarter worth $7,949,000. Finally, LPL Financial LLC increased its position in shares of Twilio by 17.1% in the second quarter. LPL Financial LLC now owns 46,795 shares of the technology company’s stock worth $6,380,000 after acquiring an additional 6,819 shares in the last quarter. 74.86% of the stock is owned by institutional investors.
Shares of TWLO traded down $1.48 during mid-day trading on Friday, hitting $111.62. 137,416 shares of the company’s stock were exchanged, compared to its average volume of 3,333,392. The company has a market cap of $15.19 billion, a PE ratio of -139.20 and a beta of 1.22. Twilio Inc has a 52 week low of $62.43 and a 52 week high of $151.00. The company has a 50-day simple moving average of $130.86 and a 200 day simple moving average of $132.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 10.21 and a quick ratio of 10.21.
Several research analysts have weighed in on TWLO shares. Rosenblatt Securities reissued a “buy” rating and set a $167.00 price objective on shares of Twilio in a report on Thursday, July 25th. TheStreet upgraded shares of Twilio from a “d” rating to a “c” rating in a research report on Monday, June 24th. Needham & Company LLC initiated coverage on shares of Twilio in a research report on Tuesday, June 18th. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, KeyCorp lifted their price objective on shares of Twilio from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $147.38.
In other Twilio news, COO George Hu sold 1,000 shares of Twilio stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $132.93, for a total value of $132,930.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Karyn Smith sold 21,719 shares of Twilio stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $148.17, for a total value of $3,218,104.23. The disclosure for this sale can be found here. Insiders have sold 149,491 shares of company stock valued at $20,632,486 in the last three months. Insiders own 10.85% of the company’s stock.
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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