In today’s session LinkedIn Corp (LNKD) registered an unusually high (1,694) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious LNKD increase. With 1,694 contracts traded and 191594 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: LNKD170120C00190000 closed last at: $5.8 or 7.4% up. About 82,857 shares traded hands. LinkedIn Corp (NYSE:LNKD) has risen 63.18% since April 22, 2016 and is uptrending. It has outperformed by 57.77% the S&P500.
Analysts await LinkedIn Corp (NYSE:LNKD) to report earnings on February, 2. They expect $0.49 EPS, up 96.00% or $0.24 from last year’s $0.25 per share. LNKD’s profit will be $66.83 million for 99.55 P/E if the $0.49 EPS becomes a reality. After $0.39 actual EPS reported by LinkedIn Corp for the previous quarter, Wall Street now forecasts 25.64% 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 -5.85% below today’s ($195.12) stock price. LinkedIn has been the topic of 76 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Avondale downgraded it to “Market Underperform” rating and $196 target price in Monday, June 13 report. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 30. The stock has “Neutral” rating given by Citigroup on Friday, April 1. M Partners downgraded the shares of LNKD in a report on Friday, April 8 to “Neutral” rating. The rating was downgraded by Piper Jaffray to “Neutral” on Tuesday, June 14. Goldman Sachs downgraded the shares of LNKD in a report on Monday, February 22 to “Buy” rating. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, March 7. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, February 5. Canaccord Genuity maintained LinkedIn Corp (NYSE:LNKD) rating on Friday, October 30. Canaccord Genuity has “Buy” rating and $275 price target. The stock has “Hold” rating given by Evercore on Thursday, September 3.
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 decreased to 0.89 in 2016 Q2. Its down 0.38, from 1.27 in 2016Q1. The ratio dropped, 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.
Coastland Capital Ltd Limited Liability Company reported 420,000 shares or 3.24% of all its holdings. Yakira Capital Mngmt, a Connecticut-based fund reported 36,000 shares. Northern Trust Corporation has 0.04% invested in the company for 711,821 shares. Sumitomo Mitsui Asset Ltd holds 0.05% of its portfolio in LinkedIn Corp (NYSE:LNKD) for 8,246 shares. Massachusetts Finance Services Ma accumulated 1.06M shares or 0.1% of the stock. Moreover, Marshall Wace Llp has 0.04% invested in LinkedIn Corp (NYSE:LNKD) for 22,467 shares. The New York-based Morgan Stanley has invested 0.31% in LinkedIn Corp (NYSE:LNKD). Halcyon Ptnrs Lp last reported 7.88% of its portfolio in the stock. Ontario Teachers Pension Plan Board holds 0.03% of its portfolio in LinkedIn Corp (NYSE:LNKD) for 12,700 shares. Moreover, Winfield Assoc has 0% invested in LinkedIn Corp (NYSE:LNKD) for 15 shares. Blackrock Advisors Limited Liability Corporation reported 115,347 shares or 0.02% of all its holdings. The Ohio-based Strs Ohio has invested 0% in LinkedIn Corp (NYSE:LNKD). Bokf Na accumulated 266 shares or 0% of the stock. Moreover, Invesco Ltd has 0% invested in LinkedIn Corp (NYSE:LNKD) for 55,610 shares. Congress Asset Mngmt Ma last reported 4,300 shares in the company.
Insider Transactions: Since June 13, 2016, the stock had 0 insider purchases, and 22 selling transactions for $11.05 million net activity. $1.04M worth of LinkedIn Corp (NYSE:LNKD) was sold by WADORS PATRICIA L on Monday, June 13. CALLAHAN MICHAEL JOHN also sold $144,171 worth of LinkedIn Corp (NYSE:LNKD) on Monday, June 13. $608,107 worth of LinkedIn Corp (NYSE:LNKD) shares were sold by Sordello Steven J. Shares for $1.30M were sold by WEINER JEFF on Tuesday, August 16. 2,596 shares were sold by Gamson Michael, worth $491,587. Another trade for 426 shares valued at $81,132 was sold by Taylor Susan J.S..
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 $26.61 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): Russia Officially Bans LinkedIn” on November 17, 2016, also Reuters.com with their article: “Exclusive: Microsoft set to win EU approval for LinkedIn buy – sources” published on November 23, 2016, Wsj.com published: “Microsoft Offers Concessions to Win EU Approval of LinkedIn Deal” on November 22, 2016. More interesting news about LinkedIn Corp (NYSE:LNKD) were released by: Fool.com and their article: “Better Buy: LinkedIn Corp. vs. Facebook Inc.” published on September 22, 2016 as well as Wsj.com‘s news article titled: “Russia to Block LinkedIn Over Data-Privacy Dispute” with publication date: November 10, 2016.
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