Motley Fool Wealth Management buys $21.1 Million stake in LinkedIn Corp (LNKD)

LinkedIn Corp (LNKD) : Motley Fool Wealth Management scooped up 64,961 additional shares in LinkedIn Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 165,972 shares of LinkedIn Corp which is valued at $21.1 Million.LinkedIn Corp makes up approximately 2.51% of Motley Fool Wealth Management’s portfolio.

Other Hedge Funds, Including , Neuberger Berman Group boosted its stake in LNKD in the latest quarter, The investment management firm added 4,564 additional shares and now holds a total of 89,410 shares of LinkedIn Corp which is valued at $10.9 Million. LinkedIn Corp makes up approx 0.01% of Neuberger Berman Group’s portfolio.Stephens Investment Management Group reduced its stake in LNKD by selling 275 shares or 5.89% in the most recent quarter. The Hedge Fund company now holds 4,395 shares of LNKD which is valued at $535,399. LinkedIn Corp makes up approx 0.02% of Stephens Investment Management Group’s portfolio.Loeb Partners Corp reduced its stake in LNKD by selling 500 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of LNKD which is valued at $304,550. LinkedIn Corp makes up approx 0.11% of Loeb Partners Corp’s portfolio.

LinkedIn Corp opened for trading at $125.75 and hit $126.97 on the upside on Friday, eventually ending the session at $125.56, with a gain of 0.26% or 0.32 points. The heightened volatility saw the trading volume jump to 17,59,266 shares. Company has a market cap of $16,768 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 Reiterated by Mizuho on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 145 from a previous price target of $127 .Company shares were Reiterated by UBS on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 175 from a previous price target of $170 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 160 from a previous price target of $156 .

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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