5 Top Stocks to Buy Today According to Rob Koehn’s Ivy Lane Capital

3. Twitter, Inc. (NYSE: TWTR)

Value: $21,675,000
Percentage of Ivy Lane’s 13F Portfolio: 15.33%
Number of Hedge Fund Holders: 89

Twitter, Inc. (NYSE: TWTR) is the third-largest holding of Robert Koehn’s Ivy Lane Capital. It is an American social networking company with the main purpose to connect people around the world. Recently, Twitter, Inc. (NYSE: TWTR) launched ‘Shop Module’, a new e-commerce feature that will allow other brands and businesses to showcase their products to Twitter’s users.

Ivy Lane Capital did not change its position in Twitter, Inc. (NYSE: TWTR) in the second quarter. The hedge fund owns 315,000 shares in the company, worth $21.6 million. Twitter, Inc. (NYSE: TWTR) accounts for 15.33% of the fund’s 13F portfolio. In Q2 2021, the company reported a growth in average monetizable daily active users (mDAU) to 206 million, compared with 186 million in the prior-year quarter. The EPS of $0.20 beat the market consensus by $0.13. After strong quarterly results, KeyBanc raised its price target on Twitter, Inc. (NYSE: TWTR) to $81 which implies a 15% upside. The stock gained 56.2% in the past year and 17.6% year-to-date.

As of Q2 2021, 89 hedge funds tracked by Insider Monkey have positions in Twitter, Inc. (NYSE: TWTR), worth over $6.03 billion.

ClearBridge Investments published its Q2 2021 investor letter and mentioned Twitter, Inc. (NYSE: TWTR) in it. Here is what the firm has to say:

“Not every portfolio company will neatly fit into one of these four growth segments and some may move from one to another over time. Social media platform Twitter could be considered an improving growth story due to the initiatives put in place to grow and better monetize its user base. With the global return of live events and sports causing a rebound in advertising, combined with other new services beginning to thrive, this is a company with the fundamentals to be categorized as a disruptor.”