Coatue Management Llc Buys $310.75 Million More Twitter Inc (NYSE:TWTR) Shares

May 17, 2018 - By Kenneth Sanchez

Twitter, Inc. (NYSE:TWTR) Corporate LogoBig Money Sentiment increased to 1.37 in Q4 2017. It has change of 0.09, from 2017Q3’s 1.28. The ratio is positive due to TWTR positioning: 48 sold and 116 reduced. 86 funds took positions and 138 increased positions. Investors holded 356.28 million in 2017Q3 but now own 391.71 million shares or 9.95% more. D E Shaw & reported 2.75M shs. Raymond James Services Advsrs holds 0.04% or 257,440 shs. Twin Tree Mgmt Limited Partnership holds 0.08% of its capital in Twitter, Inc. (NYSE:TWTR) for 447,852 shs. Lpl Financial Ltd Liability holds 251,180 shs. Dekabank Deutsche Girozentrale invested in 0% or 33,932 shs. Ruffer Limited Liability Partnership accumulated 0.01% or 11,800 shs. North Star Investment owns 315 shs. Pinebridge Invs Ltd Partnership owns 34,322 shs. Loring Wolcott Coolidge Fiduciary Limited Liability Partnership Ma owns 341 shs for 0% of their capital. Highlander Cap Mgmt Llc holds 0.09% or 5,050 shs. Commonwealth Retail Bank Of Aus reported 515 shs. 7.32M were accumulated by Northern. Pacad Invest Limited reported 80,001 shs or 0.44% of all its holdings. The Illinois-based Ubs Asset Management Americas Inc has invested 0.04% in Twitter, Inc. (NYSE:TWTR). Swan Global Invests Llc has 0.01% invested in Twitter, Inc. (NYSE:TWTR).

Coatue Management Llc increased its holdings by 44% in Twitter Inc (NYSE:TWTR), according to 2018Q1 SEC regulatory filling. Twitter Inc (NYSE:TWTR) stock Popped Up 14.76% while Coatue Management Llc bought 10.72 million shares. Coatue Management Llc is holding 35.07M shares, compared to 24.35 million last quarter. The announced value is $1.02 billion. $24.57 billion is the Twitter Inc’s MC. Ticker’s shares touched $32.77 during the last trading session after 0.06% change.Twitter, Inc. has volume of 10.86 million shares. Since May 17, 2017 TWTR has risen 87.26% and is uptrending. TWTR outperformed by 75.71% the S&P500.

Coatue Management Llc operates about $14.38 billion and $12.11 billion US longs. According to a filing the fund decreased its stake in Chipotle Mexican Grill Inc (NYSE:CMG) by 84,599 shares to 601 shares, valued at $194,000 in 2018Q1. It decreased Paypal Hldgs Inc () position by 1.07 million shares to 4.09 million shares, and cut its Netflix Inc (NASDAQ:NFLX) 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

In total 28 analysts cover Twitter (NYSE:TWTR). “Buy” rating has 9, “Sell” are 5, while 14 are “Hold”. (NYSE:TWTR) has 32% bullish analysts. 43 are the (NYSE:TWTR)’s ratings reports on 17 May 2018 according to StockzIntelligence Inc. On Thursday, February 8 the rating was downgraded by Pivotal Research to “Sell”. On Tuesday, April 17 the stock of Twitter, Inc. (NYSE:TWTR) earned “Equal-Weight” rating by Morgan Stanley. The stock rating was maintained by Susquehanna with “Hold” on Friday, February 9. On Tuesday, January 16 Aegis Capital upgraded the shares of TWTR in report to “Buy” rating. On Thursday, January 18 Stifel Nicolaus initiated Twitter, Inc. (NYSE:TWTR) rating. Stifel Nicolaus has “Hold” rating and $21.0 target. On Friday, February 9 Jefferies maintained Twitter, Inc. (NYSE:TWTR) rating. Jefferies has “Hold” rating and $27.0 target. On Friday, January 26 the firm earned “Sell” rating by CFRA. The stock rating was maintained by Canaccord Genuity with “Hold” on Friday, February 9. On Thursday, April 26 the firm earned “Buy” rating by Macquarie Research. On Wednesday, April 25 the stock of Twitter, Inc. (NYSE:TWTR) has “Hold” rating given by RBC Capital Markets.

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.Last it reported 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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