Empire Capital Management L.l.c. adds LinkedIn Corp (LNKD) to its portfolio
LinkedIn Corp (LNKD) : Empire Capital Management L.l.c. added new position in LinkedIn Corp during the Fourth Quarter. The investment management firm now holds 25,000 shares of LinkedIn Corp which is valued at $2.8 Million according to most recent disclosure to SEC.LinkedIn Corp makes up approximately 8.43% of Empire Capital Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Carlson Capital L P reduced its stake in LNKD by selling 11,740 shares or 13.7% during the fourth quarter. The Hedge Fund company now holds 73,963 shares of LNKD which is valued at $8.4 Million. LinkedIn Corp makes up approx 0.10% of Carlson Capital L P’s portfolio.United Capital Financial Advisers reduced its stake in LNKD by selling 210 shares or 18.45% during the fourth quarter. The Hedge Fund company now holds 928 shares of LNKD which is valued at $104,957. Ronald Blue Co sold out all of its stake in LNKD during the fourth quarter. The investment firm sold 2,541 shares of LNKD which is valued $287,387. 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.Gulf International Bank (uk) Ltd boosted its stake in LNKD during the Q4 period, The investment management firm added 2,928 additional shares and now holds a total of 33,851 shares of LinkedIn Corp which is valued at $3.8 Million. LinkedIn Corp makes up approx 0.07% of Gulf International Bank (uk) Ltd’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.