Chicago Capital Management adds LinkedIn Corp (LNKD) to its portfolio

LinkedIn Corp (LNKD) : Chicago Capital Management added new position in LinkedIn Corp during the most recent quarter end. The investment management firm now holds 120,000 shares of LinkedIn Corp which is valued at $22,752,000 , the company said in a statement filed on Jul 15, 2016 with the SEC.LinkedIn Corp makes up approximately 8.24% of Chicago Capital Management’s portfolio.

Other Hedge Funds, Including , Windward Capital Management Co Ca reduced its stake in LNKD by selling 13 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 5,480 shares of LNKD which is valued at $1,039,008. LinkedIn Corp makes up approx 0.19% of Windward Capital Management Co Ca’s portfolio.Sarasin Partners Llp reduced its stake in LNKD by selling 84,321 shares or 26.29% in the most recent quarter. The Hedge Fund company now holds 236,365 shares of LNKD which is valued at $44,814,804. LinkedIn Corp makes up approx 0.72% of Sarasin Partners Llp’s portfolio.Creative Planning reduced its stake in LNKD by selling 3,813 shares or 58.05% in the most recent quarter. The Hedge Fund company now holds 2,756 shares of LNKD which is valued at $523,254.Dnb Asset Management As reduced its stake in LNKD by selling 153,100 shares or 90.1% in the most recent quarter. The Hedge Fund company now holds 16,826 shares of LNKD which is valued at $3,204,343. LinkedIn Corp makes up approx 0.07% of Dnb Asset Management As’s portfolio.

LinkedIn Corp opened for trading at $189.5 and hit $189.71 on the upside on Monday, eventually ending the session at $189.6, with a gain of 0.02% or 0.03 points. The heightened volatility saw the trading volume jump to 11,24,888 shares. Company has a market cap of $25,320 M.

On the company’s financial health, LinkedIn Corp reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $861.00 million for the quarter, compared to analysts expectations of $828.66 million. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Many Wall Street Analysts have commented on LinkedIn Corp. Company shares were Downgraded by RBC Capital Mkts on Jun 15, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 196 from a previous price target of $160 .LinkedIn Corp was Downgraded by Nomura to ” Neutral” on Jun 15, 2016. LinkedIn Corp was Downgraded by First Analysis Sec to ” Equal-Weight” on Jun 14, 2016.

LinkedIn Corporation (LinkedIn) is a professional network on the Internet. The Company’s three product lines include Talent Solutions Marketing Solutions and Premium Subscriptions. All three product lines are sold through two channels an offline field sales organization which engages with both large and small enterprise customers as well as an online self-serve channel which includes enterprise customers and individual members purchasing subscriptions. The Company’s solutions include Free Solutions and Monetized Solutions. Its Free Solutions includes the service to manage professional identity service to build and engage with professional networks access to knowledge insights and opportunities and ubiquitous access. The Company also provides other solutions which provide members enterprises and professional organizations with functionality and additional benefits.

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