Tredje AP fonden Buys 13703 Shares of LinkedIn Corp (LNKD)
Tredje AP fonden Buys 13,703 Shares of LinkedIn Corp (LNKD)
Tredje AP fonden raised its position in shares of LinkedIn Corp (NYSE:LNKD) by 1,824.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,454 shares of the social networking company’s stock after buying an additional 13,703 shares during the period. Tredje AP fonden’s holdings in LinkedIn Corp were worth $3,253,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First American Bank acquired a new position in LinkedIn Corp during the fourth quarter worth approximately $279,000. Reynolds Capital Management purchased a new position in shares of LinkedIn Corp during the fourth quarter valued at about $293,000. Hollencrest Securities raised its position in shares of LinkedIn Corp by 3.9% in the fourth quarter. Hollencrest Securities now owns 2,650 shares of the social networking company’s stock valued at $597,000 after buying an additional 100 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of LinkedIn Corp by 70.1% in the fourth quarter. Enterprise Financial Services Corp now owns 2,762 shares of the social networking company’s stock valued at $622,000 after buying an additional 1,138 shares in the last quarter. Finally, Wunderlich Securities raised its position in shares of LinkedIn Corp by 203.8% in the fourth quarter. Wunderlich Securities now owns 3,235 shares of the social networking company’s stock valued at $728,000 after buying an additional 2,170 shares in the last quarter.
LinkedIn Corp (NYSE:LNKD) opened at 111.03 on Monday. The stock’s market capitalization is $14.66 billion. LinkedIn Corp has a 12-month low of $98.25 and a 12-month high of $266.53. The firm has a 50-day moving average of $115.33 and a 200 day moving average of $190.79.
LinkedIn Corp (NYSE:LNKD) last issued its quarterly earnings data on Thursday, February 4th. The social networking company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.16. The business had revenue of $862 million for the quarter, compared to analysts’ expectations of $857.26 million. During the same period in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. On average, analysts predict that LinkedIn Corp will post $3.20 earnings per share for the current fiscal year.
LNKD has been the subject of several research reports. Vetr lowered LinkedIn Corp from a “strong-buy” rating to a “buy” rating and set a $214.62 target price for the company. in a research report on Monday, February 1st. Canaccord Genuity reissued a “buy” rating and issued a $175.00 target price (down previously from $220.00) on shares of LinkedIn Corp in a research report on Monday, March 7th. Mizuho increased their target price on LinkedIn Corp from $127.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, March 4th. Credit Suisse reissued an “outperform” rating and issued a $330.00 target price on shares of LinkedIn Corp in a research report on Wednesday, January 13th. Finally, Nomura reissued a “buy” rating and issued a $235.00 target price (down previously from $290.00) on shares of LinkedIn Corp in a research report on Thursday, January 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $198.65.
In other news, CAO Susan J.S. Taylor sold 601 shares of LinkedIn Corp stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $106.00, for a total value of $63,706.00. Following the sale, the chief accounting officer now owns 7,589 shares of the company’s stock, valued at $804,434. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeff Weiner sold 7,600 shares of LinkedIn Corp stock in a transaction dated Wednesday, January 6th. The shares were sold at an average price of $232.46, for a total transaction of $1,766,696.00. Following the completion of the sale, the chief executive officer now directly owns 201,678 shares in the company, valued at approximately $46,882,067.88. The disclosure for this sale can be found here.
LinkedIn Corporation (NYSE:LNKD) 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.
Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It’s time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).
Receive News & Ratings for LinkedIn Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for LinkedIn Corp and related companies with MarketBeat.com’s FREE daily email newsletter.