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Is Twitter Inc (TWTR) a Good Stock to Buy?

As aggregate interest increased, some big names were breaking ground themselves. James Dondero’s Highland Capital Management  initiated a $97.8 million position during the third quarter quarter. Other funds with brand new TWTR positions are John Thiessen’s Vertex One Asset Management, Brian Ashford-Russell and Tim Woolley’s Polar Capital, and Andrew Goldman’s Seven Locks Capital Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Twitter Inc (NYSE:TWTR) but similarly valued. We will take a look at Pembina Pipeline Corp (NYSE:PBA), Chipotle Mexican Grill, Inc. (NYSE:CMG), Federal Realty Investment Trust (NYSE:FRT), and Xilinx, Inc. (NASDAQ:XLNX). This group of stocks’ market values are similar to TWTR’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PBA 11 46092 -1
CMG 41 1595089 2
FRT 17 262426 5
XLNX 41 1176907 5

As you can see these stocks had an average of 28 funds tracked by us with bullish positions at the end of September and the average amount invested in these stocks was $770 million. By comparison, the investors from our database amassed around $1.08 billion worth of Twitter’s stock at the end of September. Chipotle Mexican Grill, Inc. (NYSE:CMG) is the most popular stock in this table. On the other hand Pembina Pipeline Corp (NYSE:PBA) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Twitter Inc (NYSE:TWTR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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