Sei Investments Co. raised its stake in Twilio Inc. (NYSE:TWLO) by 138,746.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,877 shares of the technology company’s stock after buying an additional 38,849 shares during the period. Sei Investments Co.’s holdings in Twilio were worth $1,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TWLO. US Bancorp DE increased its position in shares of Twilio by 199.1% in the second quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock valued at $170,000 after buying an additional 3,878 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Twilio by 204.0% in the second quarter. Great West Life Assurance Co. Can now owns 7,297 shares of the technology company’s stock valued at $212,000 after buying an additional 4,897 shares during the last quarter. Carl Domino Inc acquired a new position in shares of Twilio during the second quarter valued at approximately $233,000. Janney Montgomery Scott LLC increased its position in shares of Twilio by 22.5% in the second quarter. Janney Montgomery Scott LLC now owns 10,930 shares of the technology company’s stock valued at $318,000 after buying an additional 2,005 shares during the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Twilio during the second quarter valued at approximately $393,000. 84.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Twilio Inc. (NYSE TWLO) opened at 29.23 on Thursday. The firm’s market cap is $2.69 billion. The firm’s 50-day moving average is $30.15 and its 200-day moving average is $29.15. Twilio Inc. has a 52-week low of $22.80 and a 52-week high of $70.96.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, hitting the consensus estimate of ($0.20). The company had revenue of $95.90 million for the quarter, compared to the consensus estimate of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. Twilio’s quarterly revenue was up 48.7% on a year-over-year basis. During the same period last year, the business posted ($0.08) EPS. Analysts anticipate that Twilio Inc. will post ($0.23) earnings per share for the current year.

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Several research analysts have recently issued reports on TWLO shares. Vetr raised Twilio from a “buy” rating to a “strong-buy” rating and set a $34.50 price objective for the company in a research note on Wednesday, July 12th. Zacks Investment Research downgraded Twilio from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $38.00 price objective (down previously from $50.00) on shares of Twilio in a research note on Thursday, May 4th. Northland Securities reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Twilio in a research note on Sunday, May 28th. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Twilio in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Twilio has an average rating of “Buy” and an average price target of $37.15.

In other news, General Counsel Karyn Smith sold 5,213 shares of Twilio stock in a transaction on Monday, June 19th. The stock was sold at an average price of $28.13, for a total value of $146,641.69. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Lee Kirkpatrick sold 10,851 shares of Twilio stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $25.73, for a total value of $279,196.23. The disclosure for this sale can be found here. Insiders have sold a total of 58,370 shares of company stock worth $1,710,284 over the last 90 days.

About Twilio

Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).

Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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