LinkedIn Corp (LNKD) : P Schoenfeld Asset Management Lp added new position in LinkedIn Corp during the most recent quarter end. The investment management firm now holds 260,000 shares of LinkedIn Corp which is valued at $49,818,600 , the company said in a statement filed on Aug 10, 2016 with the SEC.LinkedIn Corp makes up approximately 6.91% of P Schoenfeld Asset Management Lp’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 3,500 shares of LNKD which is valued $670,635.Dekabank Deutsche Girozentrale boosted its stake in LNKD in the latest quarter, The investment management firm added 3,200 additional shares and now holds a total of 13,422 shares of LinkedIn Corp which is valued at $2,579,037. LinkedIn Corp makes up approx 0.03% of Dekabank Deutsche Girozentrale’s portfolio.Nordea Investment Management Ab boosted its stake in LNKD in the latest quarter, The investment management firm added 1,296 additional shares and now holds a total of 9,094 shares of LinkedIn Corp which is valued at $1,723,768.Boston Common Asset Management boosted its stake in LNKD in the latest quarter, The investment management firm added 4,725 additional shares and now holds a total of 35,155 shares of LinkedIn Corp which is valued at $6,663,630. LinkedIn Corp makes up approx 0.96% of Boston Common Asset Management’s portfolio. Sumitomo Life Insurance Co sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 4,404 shares of LNKD which is valued $834,998.
LinkedIn Corp opened for trading at $191.31 and hit $191.61 on the upside on Friday, eventually ending the session at $191.5, with a gain of 0.07% or 0.14 points. The heightened volatility saw the trading volume jump to 8,89,042 shares. Company has a market cap of $25,801 M.
On the company’s financial health, LinkedIn Corp reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.78. The company had revenue of $932.71 million for the quarter, compared to analysts expectations of $898.56 million. The company’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 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.