Windward Capital Management Co Ca Lowers stake in LinkedIn Corp (LNKD)

LinkedIn Corp (LNKD) : Windward Capital Management Co Ca reduced its stake in LinkedIn Corp by 37.06% during the most recent quarter end. The investment management company now holds a total of 3,449 shares of LinkedIn Corp which is valued at $657,862 after selling 2,031 shares in LinkedIn Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.LinkedIn Corp makes up approximately 0.12% of Windward Capital Management Co Ca’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in LNKD in the latest quarter, The investment management firm added 412 additional shares and now holds a total of 35,169 shares of LinkedIn Corp which is valued at $6,708,135. LinkedIn Corp makes up approx 0.15% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Msi Financial Services Inc reduced its stake in LNKD by selling 312 shares or 10.63% in the most recent quarter. The Hedge Fund company now holds 2,623 shares of LNKD which is valued at $499,839. LinkedIn Corp makes up approx 0.02% of Msi Financial Services Inc’s portfolio.Eagle Asset Management Inc reduced its stake in LNKD by selling 68,577 shares or 49.84% in the most recent quarter. The Hedge Fund company now holds 69,008 shares of LNKD which is valued at $13,134,983. LinkedIn Corp makes up approx 0.09% of Eagle Asset Management Inc’s portfolio.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.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 opened for trading at $190.5 and hit $191.29 on the upside on Friday, eventually ending the session at $190.74, with a gain of 0.09% or 0.18 points. The heightened volatility saw the trading volume jump to 16,74,953 shares. Company has a market cap of $25,698 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.

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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