The stock of LinkedIn Corp (NYSE:LNKD) is a huge mover today! About 425,670 shares traded hands. LinkedIn Corp (NYSE:LNKD) has risen 67.16% since March 8, 2016 and is uptrending. It has outperformed by 57.84% the S&P500.
The move comes after 9 months positive chart setup for the $25.64B company. It was reported on Oct, 11 by Barchart.com. We have $303.31 PT which if reached, will make NYSE:LNKD worth $15.13 billion more.
Analysts await LinkedIn Corp (NYSE:LNKD) to report earnings on November, 3. They expect $0.27 earnings per share, up 550.00% or $0.33 from last year’s $-0.06 per share. LNKD’s profit will be $36.29M for 176.63 P/E if the $0.27 EPS becomes a reality. After $0.06 actual earnings per share reported by LinkedIn Corp for the previous quarter, Wall Street now forecasts 350.00% EPS growth.
LinkedIn Corp (NYSE:LNKD) Ratings Coverage
Out of 36 analysts covering LinkedIn (NYSE:LNKD), 9 rate it a “Buy”, 1 “Sell”, while 26 “Hold”. This means 25% are positive. LinkedIn has been the topic of 76 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Tuesday, November 10, the company rating was maintained by M Partners. Nomura initiated LinkedIn Corp (NYSE:LNKD) rating on Friday, December 4. Nomura has “Buy” rating and $290 price target. ForwardView Consulting downgraded LinkedIn Corp (NYSE:LNKD) on Tuesday, February 9 to “Speculative Buy” rating. Citigroup maintained LinkedIn Corp (NYSE:LNKD) on Monday, July 18 with “Neutral” rating. The company was downgraded on Tuesday, June 14 by Piper Jaffray. On Friday, October 30 the stock rating was maintained by FBR Capital with “Mkt Perform”. The stock of LinkedIn Corp (NYSE:LNKD) has “Hold” rating given on Tuesday, June 14 by Cantor Fitzgerald. The stock of LinkedIn Corp (NYSE:LNKD) has “Buy” rating given on Friday, October 30 by Canaccord Genuity. Sterne Agee CRT upgraded the shares of LNKD in a report on Friday, October 30 to “Buy” rating. The firm earned “Buy” rating on Wednesday, August 12 by Vetr.
According to Zacks Investment Research, “LinkedIn Corporation is an online professional network which allows members to create, manage, and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its platform also provides members with applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information. LinkedIn also offers services like hiring solutions, marketing solutions and other services. LinkedIn Corporation is headquartered in Mountain View, California.”
Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.45, from 0.82 in 2016Q1. The ratio improved, as 93 funds sold all LinkedIn Corp shares owned while 115 reduced positions. 135 funds bought stakes while 130 increased positions. They now own 84.69 million shares or 11.38% less from 95.56 million shares in 2016Q1.
Winfield Associate last reported 0% of its portfolio in the stock. Moreover, Cadian L P has 0.47% invested in LinkedIn Corp (NYSE:LNKD) for 45,000 shares. Teacher Retirement System Of Texas accumulated 0.06% or 44,980 shares. Nomura Holdings Inc holds 0.32% or 511,181 shares in its portfolio. Springbok Cap Mngmt Lc holds 67,565 shares or 1.79% of its portfolio. Signaturefd Limited Liability Co accumulated 0% or 66 shares. Hsbc Public Limited Co holds 0.13% or 248,801 shares in its portfolio. Sandy Spring Bank & Trust has 0% invested in the company for 40 shares. Moreover, Mig Limited Liability Corporation has 1.44% invested in LinkedIn Corp (NYSE:LNKD) for 35,000 shares. Moreover, Fic Capital has 0.53% invested in LinkedIn Corp (NYSE:LNKD) for 5,909 shares. Ontario Teachers Pension Plan Board owns 12,700 shares or 0.03% of their US portfolio. Sumitomo Mitsui Trust holds 324,944 shares or 0.11% of its portfolio. Los Angeles Mgmt Equity has 0.12% invested in the company for 72,594 shares. Polar Asset Inc reported 55,000 shares or 0.42% of all its holdings. The California-based Schwab Charles Mngmt Incorporated has invested 0.04% in LinkedIn Corp (NYSE:LNKD).
Insider Transactions: Since May 16, 2016, the stock had 0 insider purchases, and 22 insider sales for $9.56 million net activity. CALLAHAN MICHAEL JOHN sold $433,464 worth of LinkedIn Corp (NYSE:LNKD) on Tuesday, August 16. 1,066 shares were sold by WADORS PATRICIA L, worth $204,459 on Friday, August 12. On Tuesday, May 17 KILGORE LESLIE J sold $22,298 worth of the stock or 174 shares. $491,587 worth of shares were sold by Gamson Michael on Monday, July 18. Shares for $876,946 were sold by WEINER JEFF on Tuesday, May 17. 3,126 shares were sold by Sordello Steven J, worth $400,607 on Tuesday, May 17. On Tuesday, August 16 Taylor Susan J.S. sold $81,132 worth of the stock or 426 shares.
More notable recent LinkedIn Corp (NYSE:LNKD) news were published by: Bloomberg.com which released: “LinkedIn’s Forecast Prompts Analysts to Reconsider Prospects” on February 04, 2016, also Fool.com with their article: “Better Buy: LinkedIn Corp. vs. Facebook Inc.” published on September 22, 2016, Ibtimes.com published: “LinkedIn Corp. (LNKD) Gives Microsoft A News Feed And A Means To Compete With …” on June 13, 2016. More interesting news about LinkedIn Corp (NYSE:LNKD) were released by: Fool.com and their article: “Why LinkedIn Corp. Has Fallen 15% in 2016” published on June 24, 2016 as well as Fool.com‘s news article titled: “Microsoft’s Massive LinkedIn Corp Acquisition in 6 Metrics” with publication date: June 15, 2016.
LNKD Company Profile
LinkedIn Corporation (LinkedIn), incorporated on March 6, 2003, is a professional network on the Internet with approximately 420 million members in over 200 countries and territories. The Firm provides the majority of its products at no cost to its members. It offers approximately three product lines: Talent Solutions, which includes Hiring, and Learning and Development; Marketing Solutions and Premium Subscriptions. The Company’s products are sold through approximately 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 clients and individual members purchasing subscriptions. The Company’s solutions include Free Solutions and Monetized Solutions.
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