Alpinvest Partners B.v. adds LinkedIn Corp (LNKD) to its portfolio
LinkedIn Corp (LNKD) : Alpinvest Partners B.v. added new position in LinkedIn Corp during the Fourth Quarter. The investment management firm now holds 2,370 shares of LinkedIn Corp which is valued at $268,047 according to most recent disclosure to SEC.LinkedIn Corp makes up approximately 0.50% of Alpinvest Partners B.v.’s portfolio.
Other Hedge Funds, Including , Rmb Capital Management reduced its stake in LNKD by selling 895 shares or 2.13% during the fourth quarter. The Hedge Fund company now holds 41,063 shares of LNKD which is valued at $4.6 Million. LinkedIn Corp makes up approx 0.34% of Rmb Capital Management’s portfolio.Credit Agricole S A boosted its stake in LNKD during the Q4 period, The investment management firm added 2,494 additional shares and now holds a total of 127,663 shares of LinkedIn Corp which is valued at $14.4 Million. LinkedIn Corp makes up approx 0.07% of Credit Agricole S A’s portfolio. Calvert Investment Management sold out all of its stake in LNKD during the fourth quarter. The investment firm sold 4,529 shares of LNKD which is valued $512,230. State Of New Jersey Common Pension Fund D added LNKD to its portfolio by purchasing 60,000 company shares during the Fourth Quarter which is valued at $6.8 Million. LinkedIn Corp makes up approx 0.03% of State Of New Jersey Common Pension Fund D’s portfolio.Baillie Gifford Co reduced its stake in LNKD by selling 111,316 shares or 3.49% during the fourth quarter. The Hedge Fund company now holds 3,079,053 shares of LNKD which is valued at $348.2 Million. LinkedIn Corp makes up approx 0.65% of Baillie Gifford Co’s portfolio.
On the company’s financial health, LinkedIn Corp reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.78. The company had revenue of $862.00 million for the quarter, compared to analysts expectations of $857.26 million. The company’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.
Many Wall Street Analysts have commented on LinkedIn Corp. Shares were Downgraded by Barclays on Mar 29, 2016 to ” Equal Weight” and Lowered the Price Target to $ 130 from a previous price target of $205 .LinkedIn Corp was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 16, 2016. Shares were Reiterated by Canaccord Genuity on Mar 7, 2016 to “Buy” and Lowered the Price Target to $ 175 from a previous price target of $220 .
LinkedIn Corp closed down -1.91 points or -1.72% at $109.12 with 22,43,539 shares getting traded on Monday. Post opening the session at $111.75, the shares hit an intraday low of $108.3 and an intraday high of $111.87 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.