Today LinkedIn Corp Had High Bearish Options Activity

 Today LinkedIn Corp Had High Bearish Options Activity

In today’s session LinkedIn Corp (LNKD) recorded an unusually high (1,653) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious LNKD decrease. With 1,653 contracts traded and 19634 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: LNKD170120P00180000 closed last at: $2.95 or 15.7% down. About 191,077 shares traded hands. LinkedIn Corp (NYSE:LNKD) has risen 72.23% since March 29, 2016 and is uptrending. It has outperformed by 68.75% the S&P500.

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 $36.76 million for 175.54 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. $311 is the highest target while $125 is the lowest. The $183.70 average target is -3.10% below today’s ($189.58) stock price. LinkedIn has been the topic of 76 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Brean Capital upgraded the stock to “Hold” rating in Wednesday, September 16 report. Evercore maintained it with “Hold” rating and $211 target price in Thursday, September 3 report. The rating was downgraded by First Analysis to “Equal-Weight” on Tuesday, June 14. The firm earned “Outperform” rating on Thursday, June 9 by RBC Capital Markets. Wedbush reinitiated LinkedIn Corp (NYSE:LNKD) on Thursday, October 1 with “Neutral” rating. Suntrust Robinson maintained the shares of LNKD in a report on Thursday, January 21 with “Buy” rating. The firm has “Neutral” rating by Wedbush given on Friday, April 29. The stock of LinkedIn Corp (NYSE:LNKD) earned “Buy” rating by BGC FInancial on Wednesday, October 28. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, June 15. The firm earned “Neutral” rating on Friday, April 29 by Mizuho.

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 Q2 2016. Its up 0.45, from 0.82 in 2016Q1. The ratio is positive, 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.
Van Eck Associates holds 0.13% or 134,049 shares in its portfolio. Boston Common Asset Mgmt Limited Liability accumulated 0.38% or 35,155 shares. New York State Common Retirement Fund holds 0.08% of its portfolio in LinkedIn Corp (NYSE:LNKD) for 300,759 shares. Alliancebernstein Lp owns 77,799 shares or 0.01% of their US portfolio. Diam last reported 11,586 shares in the company. Dnb Asset Management As has 16,826 shares for 0% of their US portfolio. Apriem Advisors reported 300 shares or 0.02% of all its holdings. The Maryland-based Sandy Spring Fincl Bank has invested 0% in LinkedIn Corp (NYSE:LNKD). Gam Holdg Ag last reported 0.22% of its portfolio in the stock. Cibc World Corp, a New York-based fund reported 207,000 shares. Washington Tru National Bank & Trust holds 102 shares or 0% of its portfolio. Alpinvest Prtnrs Bv reported 2,370 shares or 0.89% of all its holdings. Bartlett And Ltd Limited Liability Company, a Ohio-based fund reported 130 shares. Comml Bank Of America Corp De last reported 0.02% of its portfolio in the stock. Los Angeles Cap Mgmt & Equity Research, a California-based fund reported 72,594 shares.

Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 23 insider sales for $9.77 million net activity. Sordello Steven J sold 3,193 shares worth $608,107. 742 shares were sold by CALLAHAN MICHAEL JOHN, worth $144,171 on Monday, June 13. The insider WEINER JEFF sold 6,834 shares worth $1.30M. 426 shares with value of $54,592 were sold by Taylor Susan J.S. on Tuesday, May 17. Shares for $202,627 were sold by WADORS PATRICIA L on Tuesday, July 12. Another trade for 2,596 shares valued at $491,587 was sold by Gamson Michael. $22,298 worth of LinkedIn Corp (NYSE:LNKD) shares were sold by BATTLE A GEORGE.

LinkedIn Corporation is a professional network on the Internet with approximately 400 million members in over 200 countries and territories. The company has a market cap of $25.81 billion. The Firm provides the majority of its products at no cost to its members. It currently has negative earnings. It offers approximately three product lines: Talent Solutions, which includes Hiring, and Learning and Development; Marketing Solutions and Premium Subscriptions.

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.

More notable recent LinkedIn Corp (NYSE:LNKD) news were published by: Investorplace.com which released: “LinkedIn Corp (LNKD) Makes Microsoft Corporation (MSFT) Look Savvy” on October 28, 2016, also Valuewalk.com with their article: “Alphabet Inc, LinkedIn Corp Report Third Quarter Earnings” published on October 27, 2016, Fool.com published: “Better Buy: LinkedIn Corp. vs. Facebook Inc.” on September 22, 2016. More interesting news about LinkedIn Corp (NYSE:LNKD) were released by: Nasdaq.com and their article: “LinkedIn Corp. Reveals 60% Rise In Q3 Bottom Line” published on October 27, 2016 as well as Investorplace.com‘s news article titled: “Bull of the Day: LinkedIn Corp Looks to Break Out (LNKD)” with publication date: October 05, 2016.

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