Advisory Services Network buys $311,241 stake in LinkedIn Corp (LNKD)

LinkedIn Corp (LNKD) : Advisory Services Network scooped up 448 additional shares in LinkedIn Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 1,628 shares of LinkedIn Corp which is valued at $311,241.LinkedIn Corp makes up approximately 0.06% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in LNKD by selling 79,556 shares or 46.58% in the most recent quarter. The Hedge Fund company now holds 91,241 shares of LNKD which is valued at $17,443,454. LinkedIn Corp makes up approx 2.27% of Simplex Trading’s portfolio. First American Trust Fsb sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 9,975 shares of LNKD which is valued $1,917,295.Bnp Paribas Arbitrage Sa reduced its stake in LNKD by selling 12,407 shares or 28.27% in the most recent quarter. The Hedge Fund company now holds 31,473 shares of LNKD which is valued at $6,049,425. LinkedIn Corp makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 25,252 shares of LNKD which is valued $4,853,687.Washington Trust Bank reduced its stake in LNKD by selling 82 shares or 80.39% in the most recent quarter. The Hedge Fund company now holds 20 shares of LNKD which is valued at $3,844.

LinkedIn Corp closed down -0.57 points or -0.30% at $191.18 with 11,30,416 shares getting traded on Friday. Post opening the session at $191.7, the shares hit an intraday low of $190.83 and an intraday high of $191.77 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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