Dorsal Capital Management Lowers stake in LinkedIn Corp (LNKD)
LinkedIn Corp (LNKD) : Dorsal Capital Management reduced its stake in LinkedIn Corp by 6.25% during the Q4 period. The investment management company now holds a total of 225,000 shares of LinkedIn Corp which is valued at $25.4 Million after selling 15,000 shares in LinkedIn Corp according to the most recent disclosure to the SEC.LinkedIn Corp makes up approximately 2.36% of Dorsal Capital Management’s portfolio.
Other Hedge Funds, Including , Nuveen Asset Management added LNKD to its portfolio by purchasing 67,281 company shares during the Fourth Quarter which is valued at $7.6 Million. LinkedIn Corp makes up approx 0.05% of Nuveen Asset Management’s portfolio. Standard Pacific Capitalca added LNKD to its portfolio by purchasing 10,600 company shares during the Fourth Quarter which is valued at $1.2 Million. LinkedIn Corp makes up approx 1.38% of Standard Pacific Capitalca’s portfolio.Sawtooth Asset Management boosted its stake in LNKD during the Q4 period, The investment management firm added 255 additional shares and now holds a total of 261 shares of LinkedIn Corp which is valued at $29,519.State Of Wisconsin Investment Board boosted its stake in LNKD during the Q4 period, The investment management firm added 100,440 additional shares and now holds a total of 158,190 shares of LinkedIn Corp which is valued at $17.9 Million. LinkedIn Corp makes up approx 0.07% of State Of Wisconsin Investment Board’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. 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 .Company shares were Reiterated by Mizuho on Mar 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 150 from a previous price target of $127 .
LinkedIn Corp opened for trading at $113.2 and hit $115.48 on the upside on Monday, eventually ending the session at $114.54, with a gain of 1.27% or 1.44 points. The heightened volatility saw the trading volume jump to 20,46,171 shares. Company has a market cap of $15,128 M.
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.