Pentwater Capital Management Lp buys $691,242,840 stake in LinkedIn Corp (LNKD)

LinkedIn Corp (LNKD) : Pentwater Capital Management Lp scooped up 1,026,501 additional shares in LinkedIn Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,628,000 shares of LinkedIn Corp which is valued at $691,242,840.LinkedIn Corp makes up approximately 12.04% of Pentwater Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in LNKD in the latest quarter, The investment management firm added 213,553 additional shares and now holds a total of 5,593,788 shares of LinkedIn Corp which is valued at $1,065,784,428. LinkedIn Corp makes up approx 0.06% of Vanguard Group Inc’s portfolio. Blue Rock Advisors sold out all of its stake in LNKD during the most recent quarter. The investment firm sold 2,251 shares of LNKD which is valued $427,960.Private Capital Management Inc reduced its stake in LNKD by selling 450 shares or 11.11% in the most recent quarter. The Hedge Fund company now holds 3,600 shares of LNKD which is valued at $682,200. LinkedIn Corp makes up approx 0.73% of Private Capital Management Inc’s portfolio. Hamilton Lane Advisors added LNKD to its portfolio by purchasing 6,806 company shares during the most recent quarter which is valued at $1,295,726. LinkedIn Corp makes up approx 0.67% of Hamilton Lane Advisors’s portfolio.

LinkedIn Corp opened for trading at $193.12 and hit $193.83 on the upside on Monday, eventually ending the session at $193.64, with a gain of 0.15% or 0.29 points. The heightened volatility saw the trading volume jump to 10,28,969 shares. Company has a market cap of $26,246 M.

On the company’s financial health, LinkedIn Corp reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.91. The company had revenue of $960.00 million for the quarter, compared to analysts expectations of $955.55 million. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

LinkedIn Corporation (LinkedIn) 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. The Company’s solutions include Free Solutions and Monetized Solutions. Its Free Solutions includes the service to manage professional identity service to build and engage with professional networks access to knowledge insights and opportunities and ubiquitous access. The Company also provides other solutions which provide members enterprises and professional organizations with functionality and additional benefits.

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