The Hedge Fund Coatue Management Llc Upped Twitter Inc (NYSE:TWTR) Position by $310.75 Million

May 17, 2018 - By Pearl Odom

Twitter, Inc. (NYSE:TWTR) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.37. That’s change of 0.09, from 2017Q3’s 1.28. 48 investors sold all, 116 reduced holdings as TWTR ratio is positive. 138 grew stakes while 86 funds amassed stakes. Funds hold 391.71 million shares thus 9.95% more from 2017Q3’s 356.28 million shares. California State Teachers Retirement Sys reported 1.16 million shs stake. 100 are held by Whitnell & Com. 1.31M were accumulated by Schwab Charles Investment Mngmt. Moreover, Jefferies Grp Inc Llc has 0.01% invested in Twitter, Inc. (NYSE:TWTR) for 45,742 shs. Stone Ridge Asset Mgmt Ltd, New York-based fund reported 44,013 shs. Parkside Retail Bank And Trust holds 0% of its capital in Twitter, Inc. (NYSE:TWTR) for 34 shs. Slate Path Cap Lp owns 7.05 million shs or 16.65% of their US capital. Highbridge Mgmt Limited, New York-based fund reported 59,912 shs. Allen Mngmt Ltd has 0.43% invested in Twitter, Inc. (NYSE:TWTR) for 401,159 shs. Moreover, Institute For Wealth Management Limited Liability Corp has 0.09% invested in Twitter, Inc. (NYSE:TWTR) for 15,776 shs. Dnb Asset Mngmt As, Norway-based fund reported 66,500 shs. Eaton Vance Management has 0.13% invested in Twitter, Inc. (NYSE:TWTR) for 2.23 million shs. Jacobs Levy Equity invested in 0.31% or 737,299 shs. Lourd Capital Ltd Liability Com stated it has 0.02% of its capital in Twitter, Inc. (NYSE:TWTR). Amp Cap Investors Ltd reported 204,914 shs.

Coatue Management Llc upped its stake by 44% in Twitter Inc (NYSE:TWTR), according to 2018Q1 Securities and Exchange form. Twitter Inc (NYSE:TWTR) rose 14.76% while stock markets declined as Coatue Management Llc bought 10.72M shares. In 2018Q1, Coatue Management Llc held 35.07 million shares of Twitter Inc (NYSE:TWTR), priced at $1.02 billion, up from 24.35 million last quarter. $24.57B is the Twitter Inc’s MC. TWTR hit $32.77 during the last trading session after $0.02 change.Currently Twitter, Inc. is uptrending after 87.26% change in last May 17, 2017. TWTR has 10.86 million shares volume. TWTR outperformed by 75.71% the S&P500.

Coatue Management Llc manages about $14.38 billion and $12.11B US longs. It reduced its stake in Nvidia Corp (NASDAQ:NVDA) by 2.69 million shares to 1.41 million shares, valued at $325.47 million in 2018Q1, according to the form. It decreased Alibaba Group Hldg Ltd (NYSE:BABA) position by 476,439 shares to 4.08M shares, and cut its Broadcom Ltd () stake.

Philippe Laffont graduated with his M.S. in Computer Science from MIT in 1989. Laffont worked with Julian Robertson’s Tiger Management before founding Coatue Management in 1999. Coatue is a tech-focused hedge fund specializing in long/short equity. Coatue Management Llc is a New York-based hedge fund that was founded by Philippe Laffont. It had more than $14.38 billion assets under management in June, 2014. Taken from Coatue Management latest Adv, the fund reported to have 73 full and part-time employees. Among which 27 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Twitter, Inc. (NYSE:TWTR) Ratings Coverage

A total of 28 analysts rate Twitter (NYSE:TWTR) as follows: 9 “Buy”, 14 “Hold” and 5 “Sell”. Тherefore 32% are bullish. (NYSE:TWTR) has 43 ratings reports on 17 May 2018 according to StockzIntelligence. On Thursday, February 8 Mizuho maintained Twitter, Inc. (NYSE:TWTR) rating. Mizuho has “Sell” rating and $23.0 target. On Friday, February 9 Cowen & Co maintained Twitter, Inc. (NYSE:TWTR) rating. Cowen & Co has “Sell” rating and $22.0 target. On Friday, April 20 Maxim Group upgraded the shares of TWTR in report to “Buy” rating. The company rating was upgraded by Morgan Stanley on Tuesday, April 17. On Monday, December 18 the stock of Twitter, Inc. (NYSE:TWTR) earned “Overweight” rating by JP Morgan. On Thursday, April 26 Macquarie Research upgraded the shares of TWTR in report to “Buy” rating. On Wednesday, April 25 the stock of Twitter, Inc. (NYSE:TWTR) earned “Hold” rating by RBC Capital Markets. On Tuesday, January 16 the stock has “Buy” rating by Aegis Capital. On Tuesday, January 2 the firm has “Hold” rating given by Canaccord Genuity. On Thursday, February 8 the stock has “Hold” rating by Robert W. Baird.

Twitter, Inc. operates as a global platform for public self-expression and conversation in real time.The firm is worth $24.57 billion. The firm offers various services and products, including Twitter that allows users to create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others.Currently it has negative earnings. It also provides promoted services and products, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services.

Twitter, Inc. (NYSE:TWTR) Institutional Investors Chart

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