Sarasin Partners Llp Exits Position in LinkedIn Corp (LNKD)

LinkedIn Corp (LNKD) : Sarasin Partners Llp has sold out all of its stake in LinkedIn Corp during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 236,365 shares of LinkedIn Corp which is valued at $45,084,260.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in LNKD by selling 4,224 shares or 78.79% in the most recent quarter. The Hedge Fund company now holds 1,137 shares of LNKD which is valued at $216,871. LinkedIn Corp makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio.Legal General Group Plc reduced its stake in LNKD by selling 5,112 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 456,057 shares of LNKD which is valued at $86,805,889. LinkedIn Corp makes up approx 0.09% of Legal General Group Plc’s portfolio.Advisory Services Network boosted its stake in LNKD in the latest quarter, The investment management firm added 448 additional shares and now holds a total of 1,628 shares of LinkedIn Corp which is valued at $311,241. LinkedIn Corp makes up approx 0.06% of Advisory Services Network’s portfolio.Simplex Trading reduced its stake in LNKD by selling 79,556 shares or 46.58% in the most recent quarter. The Hedge Fund company now holds 91,241 shares of LNKD which is valued at $17,443,454. LinkedIn Corp makes up approx 2.27% of Simplex Trading’s portfolio.Washington Trust Bank reduced its stake in LNKD by selling 82 shares or 80.39% in the most recent quarter. The Hedge Fund company now holds 20 shares of LNKD which is valued at $3,844.

LinkedIn Corp opened for trading at $190.5 and hit $191.29 on the upside on Friday, eventually ending the session at $190.74, with a gain of 0.09% or 0.18 points. The heightened volatility saw the trading volume jump to 16,74,953 shares. Company has a market cap of $25,698 M.

On the company’s financial health, LinkedIn Corp reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.78. The company had revenue of $932.71 million for the quarter, compared to analysts expectations of $898.56 million. The company’s revenue was up 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 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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