State Of New Jersey Common Pension Fund E adds LinkedIn Corp (LNKD) to its portfolio

LinkedIn Corp (LNKD) : State Of New Jersey Common Pension Fund E added new position in LinkedIn Corp during the most recent quarter end. The investment management firm now holds 22,687 shares of LinkedIn Corp which is valued at $4,361,803 , the company said in a statement filed on Aug 2, 2016 with the SEC.LinkedIn Corp makes up approximately 87.68% of State Of New Jersey Common Pension Fund E’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp added LNKD to its portfolio by purchasing 5,700 company shares during the most recent quarter which is valued at $1,095,882. LinkedIn Corp makes up approx 0.02% of Dupont Capital Management Corp’s portfolio. Greenleaf Trust sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 43,927 shares of LNKD which is valued $8,466,051. American Century Companies Inc sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 1,186,082 shares of LNKD which is valued $228,083,569.Ibm Retirement Fund boosted its stake in LNKD in the latest quarter, The investment management firm added 2,524 additional shares and now holds a total of 15,402 shares of LinkedIn Corp which is valued at $2,925,610. LinkedIn Corp makes up approx 0.10% of Ibm Retirement Fund’s portfolio.

LinkedIn Corp closed down -0.39 points or -0.20% at $191.76 with 11,75,821 shares getting traded on Monday. Post opening the session at $192.24, the shares hit an intraday low of $191.68 and an intraday high of $192.33 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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