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

LinkedIn Corp (LNKD) : Yakira Capital Management added new position in LinkedIn Corp during the most recent quarter end. The investment management firm now holds 36,000 shares of LinkedIn Corp which is valued at $6,897,960 , the company said in a statement filed on Aug 11, 2016 with the SEC.LinkedIn Corp makes up approximately 2.63% of Yakira Capital Management’s portfolio.

Other Hedge Funds, Including , Alliancebernstein boosted its stake in LNKD in the latest quarter, The investment management firm added 3,560 additional shares and now holds a total of 77,799 shares of LinkedIn Corp which is valued at $14,907,066. LinkedIn Corp makes up approx 0.01% of Alliancebernstein’s portfolio.New York State Common Retirement Fund reduced its stake in LNKD by selling 19,454 shares or 6.08% in the most recent quarter. The Hedge Fund company now holds 300,759 shares of LNKD which is valued at $57,628,432. LinkedIn Corp makes up approx 0.08% of New York State Common Retirement Fund’s portfolio. 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. Cqs Cayman Lp added LNKD to its portfolio by purchasing 19,000 company shares during the most recent quarter which is valued at $3,643,440. LinkedIn Corp makes up approx 0.84% of Cqs Cayman Lp’s portfolio.

LinkedIn Corp opened for trading at $191.8 and hit $191.91 on the upside on Tuesday, eventually ending the session at $191.82, with a gain of 0.03% or 0.05 points. The heightened volatility saw the trading volume jump to 13,25,046 shares. Company has a market cap of $25,844 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.

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