Matrix Capital Management Company Lp Lowers stake in LinkedIn Corp (LNKD)

LinkedIn Corp (LNKD) : Matrix Capital Management Company Lp reduced its stake in LinkedIn Corp by 29.82% during the most recent quarter end. The investment management company now holds a total of 500,000 shares of LinkedIn Corp which is valued at $95,720,000 after selling 212,500 shares in LinkedIn Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.LinkedIn Corp makes up approximately 4.05% of Matrix Capital Management Company Lp’s portfolio.

Other Hedge Funds, Including , Capital World Investors reduced its stake in LNKD by selling 1,625,683 shares or 35.05% in the most recent quarter. The Hedge Fund company now holds 3,012,554 shares of LNKD which is valued at $573,981,914. LinkedIn Corp makes up approx 0.16% of Capital World Investors’s portfolio. Stephens Investment Management Group sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 4,720 shares of LNKD which is valued $901,520.Finemark National Bank Trust reduced its stake in LNKD by selling 125 shares or 20.0% in the most recent quarter. The Hedge Fund company now holds 500 shares of LNKD which is valued at $95,500. LinkedIn Corp makes up approx 0.01% of Finemark National Bank Trust’s portfolio. New Jersey Better Educational Savings Trust sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 3,400 shares of LNKD which is valued $647,360.

LinkedIn Corp opened for trading at $193.12 and hit $193.83 on the upside on Monday, eventually ending the session at $193.64, with a gain of 0.15% or 0.29 points. The heightened volatility saw the trading volume jump to 10,28,969 shares. Company has a market cap of $26,246 M.

On the company’s financial health, LinkedIn Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.91. The company had revenue of $960.00 million for the quarter, compared to analysts expectations of $955.55 million. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 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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