Etsy raised 2018 revenue growth outlook to 32%-34% from 22%-24%

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Julian Robertson’s Tiger hedge fund added Twitter stake, doubled up on Facebook during the first quarter

Billionaire investor Julian Robertson’s hedge fund, Tiger Global Management LLC, bought a new 9.5 million share stake in Twitter Inc. during the first quarter, more than doubled its stake in Facebook Inc. and added significantly to its stakes in Microsoft Corp. and Netflix Inc. , while selling off its stakes in Alphabet Inc. , Etsy Inc. and Comcast Corp. , according to the latest regulatory filings. The value of Tiger’s equity holdings increased to 18.8% to $15.04 billion as of March 31 from $12.66 billion on Dec. 31, while the S&P 500 fell 1.2% during that time. Tiger held 9.46 million shares of Twitter as of March 31, 4.97 million shares of Facebook (and 765,000 option “calls” to buy more shares), 13.21 million shares of Microsoft and 2.16 million shares of Netflix; on Dec. 31, Tiger held 2.43 million shares of Facebook, 9.59 million Microsoft shares and 1.75 million Netflix shares. Tiger had held 72,290 shares of Alphabet (and 50,000 calls), 4.18 million Etsy shares and 5.02 million Comcast shares. Among other moves during the first quarter, Tiger bought da new 5.81-million-share stake in China-based Bilibili Inc. , which went public on March 28.

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