Mutual of America Capital Management LLC lifted its holdings in shares of Twilio Inc. (NYSE:TWLO) by 64.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,182 shares of the technology company’s stock after acquiring an additional 21,225 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Twilio worth $1,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thompson Davis & CO. Inc. raised its position in shares of Twilio by 0.7% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,750 shares of the technology company’s stock worth $138,000 after acquiring an additional 34 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Twilio by 12.1% during the 2nd quarter. Pacer Advisors Inc. now owns 5,135 shares of the technology company’s stock worth $149,000 after acquiring an additional 555 shares in the last quarter. IFP Advisors Inc raised its position in shares of Twilio by 10.0% during the 2nd quarter. IFP Advisors Inc now owns 5,175 shares of the technology company’s stock worth $151,000 after acquiring an additional 469 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Twilio during the 2nd quarter worth about $159,000. Finally, US Bancorp DE raised its position in shares of Twilio by 199.1% during the 2nd quarter. US Bancorp DE now owns 5,826 shares of the technology company’s stock worth $170,000 after acquiring an additional 3,878 shares in the last quarter. 57.39% of the stock is currently owned by institutional investors and hedge funds.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Monday, August 7th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.20). The firm had revenue of $95.90 million during the quarter, compared to analyst estimates of $86.28 million. Twilio had a negative return on equity of 15.40% and a negative net margin of 13.42%. The firm’s quarterly revenue was up 48.7% on a year-over-year basis. During the same period last year, the company posted ($0.08) EPS.

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Several research analysts have commented on TWLO shares. Mitsubishi UFJ Financial Group raised Twilio from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $35.00 in a research report on Tuesday, August 8th. Zacks Investment Research raised Twilio from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, July 19th. Summit Redstone reaffirmed a “buy” rating and set a $36.00 price target on shares of Twilio in a research report on Monday, July 17th. Drexel Hamilton reaffirmed a “buy” rating and set a $47.00 price target (up previously from $44.00) on shares of Twilio in a research report on Wednesday, August 9th. Finally, Canaccord Genuity lifted their price target on Twilio from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.91.

In other news, Director Richard L. Dalzell sold 2,500 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $31.18, for a total value of $77,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Lee Kirkpatrick sold 13,829 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $30.85, for a total value of $426,624.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,847 shares of company stock valued at $1,645,621.

Twilio Profile

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).

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Institutional Ownership by Quarter for Twilio (NYSE:TWLO)

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