Hillman Co. Takes Position in LinkedIn Corp. (LNKD)
Hillman Co. purchased a new stake in shares of LinkedIn Corp. (NYSE:LNKD) during the second quarter, Holdings Channel reports. The firm purchased 10,209 shares of the social networking company’s stock, valued at approximately $1,932,000. LinkedIn Corp. makes up 1.0% of Hillman Co.’s portfolio, making the stock its 11th largest position.
Several other large investors have also recently made changes to their positions in the stock. Pitcairn Co. raised its stake in LinkedIn Corp. by 9.9% in the second quarter. Pitcairn Co. now owns 5,166 shares of the social networking company’s stock valued at $978,000 after buying an additional 465 shares during the period. Greylin Investment Mangement Inc. bought a new stake in LinkedIn Corp. during the second quarter valued at $1,713,000. Shell Asset Management Co. raised its stake in LinkedIn Corp. by 61.2% in the second quarter. Shell Asset Management Co. now owns 9,382 shares of the social networking company’s stock valued at $1,776,000 after buying an additional 3,561 shares during the period. Oakbrook Investments LLC bought a new stake in LinkedIn Corp. during the second quarter valued at $227,000. Finally, Shinko Asset Management Co. Ltd. raised its stake in LinkedIn Corp. by 3,467.7% in the second quarter. Shinko Asset Management Co. Ltd. now owns 11,060 shares of the social networking company’s stock valued at $2,093,000 after buying an additional 10,750 shares during the period. Institutional investors and hedge funds own 65.61% of the company’s stock.
LinkedIn Corp. (NYSE:LNKD) traded up 0.16% during mid-day trading on Tuesday, hitting $192.50. The stock had a trading volume of 2,532,018 shares. LinkedIn Corp. has a 1-year low of $98.25 and a 1-year high of $258.39. The stock’s market cap is $25.94 billion. The firm’s 50-day moving average price is $192.18 and its 200-day moving average price is $156.82.
LinkedIn Corp. (NYSE:LNKD) last released its earnings results on Thursday, August 4th. The social networking company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.35. The company earned $933 million during the quarter, compared to analyst estimates of $898.30 million. LinkedIn Corp. had a positive return on equity of 0.47% and a negative net margin of 6.23%. LinkedIn Corp.’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities analysts expect that LinkedIn Corp. will post $3.84 earnings per share for the current year.
Several equities research analysts recently weighed in on LNKD shares. Vetr lowered LinkedIn Corp. from a “sell” rating to a “strong sell” rating and set a $118.79 target price for the company. in a report on Monday, June 13th. Jefferies Group lowered LinkedIn Corp. from a “buy” rating to a “hold” rating and boosted their target price for the stock from $180.00 to $196.00 in a report on Tuesday, June 14th. Royal Bank Of Canada raised LinkedIn Corp. from a “sector perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research report on Wednesday, June 8th. They noted that the move was a valuation call. Mizuho reaffirmed a “neutral” rating and issued a $196.00 price target (up from $145.00) on shares of LinkedIn Corp. in a research report on Monday, June 13th. Finally, Zacks Investment Research raised LinkedIn Corp. from a “hold” rating to a “strong-buy” rating and set a $221.00 price target on the stock in a research report on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, thirty-three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $199.29.
In related news, CEO Jeff Weiner sold 6,834 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $190.45, for a total value of $1,301,535.30. Following the transaction, the chief executive officer now owns 69,057 shares in the company, valued at $13,151,905.65. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael John Callahan sold 564 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $192.65, for a total value of $108,654.60. Following the completion of the transaction, the senior vice president now owns 55,108 shares in the company, valued at approximately $10,616,556.20. The disclosure for this sale can be found here. 12.72% of the stock is owned by insiders.
LinkedIn Corp. Company Profile
LinkedIn Corporation (LinkedIn) is a professional network on the Internet with approximately 400 million members in over 200 countries and territories. The Company 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.
Want to see what other hedge funds are holding LNKD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LinkedIn Corp. (NYSE:LNKD).
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 Analyst Ratings Network's FREE daily email newsletter.