Alkeon Capital Management Adds $325M in Twilio Inc. ($TWLO)
Key Points
- Alkeon Capital Management changed its Twilio Inc. ($TWLO) stake by 636.0% last quarter, boosting to 1,840,000 shares worth $375.62 million.
- Wall Street's consensus rating on $TWLO is Buy and an average price target of $197.50.
- $TWLO last traded around $204.14.
Alkeon Capital Management increased its position in Twilio Inc. ($TWLO) by 636.0% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,840,000 shares of Twilio Inc. after buying 1,590,000 shares during the quarter. Alkeon Capital Management's holdings in Twilio Inc. were worth $375.62 million as of its most recent filing.
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About Twilio Inc.
Twilio Inc., together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, video interactions, digital engagement centers, marketing campaigns, and user authentication and identity solutions. It also offers software products to build direct and personalized relationships with their end users, such as Segment, a platform that provides tools to harness the power of contextual data by unifying real-time information collected throughout each customer's journey into a unique profile. Twilio Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
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