Gluskin Sheff & Assoc Inc. acquired a new position in LinkedIn Corp. (NYSE:LNKD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 161,000 shares of the social networking company’s stock, valued at approximately $30,469,000. LinkedIn Corp. comprises about 2.6% of Gluskin Sheff & Assoc Inc.’s investment portfolio, making the stock its 14th largest position. Gluskin Sheff & Assoc Inc. owned about 0.12% of LinkedIn Corp. as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Reynolds Capital Management LLC boosted its position in shares of LinkedIn Corp. by 46.2% in the first quarter. Reynolds Capital Management LLC now owns 1,900 shares of the social networking company’s stock valued at $217,000 after buying an additional 600 shares during the last quarter. Sand Hill Global Advisors LLC boosted its position in shares of LinkedIn Corp. by 75.1% in the first quarter. Sand Hill Global Advisors LLC now owns 30,038 shares of the social networking company’s stock valued at $3,435,000 after buying an additional 12,882 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of LinkedIn Corp. by 57.4% in the first quarter. Pictet Asset Management Ltd. now owns 300,560 shares of the social networking company’s stock valued at $35,223,000 after buying an additional 109,656 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of LinkedIn Corp. during the first quarter valued at $4,149,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of LinkedIn Corp. by 5,690.8% in the first quarter. Canada Pension Plan Investment Board now owns 70,590 shares of the social networking company’s stock valued at $8,072,000 after buying an additional 69,371 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for LinkedIn Corp. (NYSE:LNKD)

Shares of LinkedIn Corp. (NYSE:LNKD) traded down 0.01% during mid-day trading on Wednesday, hitting $192.21. 774,418 shares of the stock were exchanged. LinkedIn Corp. has a 52-week low of $98.25 and a 52-week high of $258.39. The company’s market cap is $25.90 billion. The stock’s 50-day moving average price is $192.25 and its 200-day moving average price is $162.46.

LinkedIn Corp. (NYSE:LNKD) last issued its quarterly earnings data on Thursday, August 4th. The social networking company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.35. LinkedIn Corp. had a negative net margin of 6.23% and a positive return on equity of 0.47%. The firm had revenue of $933 million for the quarter, compared to the consensus estimate of $898.30 million. During the same quarter in the previous year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. Equities research analysts anticipate that LinkedIn Corp. will post $3.84 earnings per share for the current fiscal year.

LNKD has been the topic of several recent analyst reports. Vetr raised shares of LinkedIn Corp. from a “strong sell” rating to a “sell” rating and set a $121.03 target price on the stock in a research report on Tuesday, June 7th. Royal Bank Of Canada upgraded shares of LinkedIn Corp. from a “sector perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research note on Wednesday, June 8th. They noted that the move was a valuation call. Mizuho restated a “neutral” rating and set a $196.00 price target (up previously from $145.00) on shares of LinkedIn Corp. in a research note on Monday, June 13th. Avondale Partners lowered shares of LinkedIn Corp. from a “market perform” rating to an “underperform” rating and raised their price target for the stock from $140.00 to $196.00 in a research note on Monday, June 13th. Finally, Canaccord Genuity lowered shares of LinkedIn Corp. from a “buy” rating to a “hold” rating and set a $196.00 price target for the company. in a research note on Monday, June 13th. Three investment analysts have rated the stock with a sell rating, thirty-four have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $199.29.

In other LinkedIn Corp. news, CEO Jeff Weiner sold 6,834 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $190.45, for a total transaction of $1,301,535.30. Following the sale, the chief executive officer now owns 69,057 shares of the company’s stock, valued at approximately $13,151,905.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Susan J.S. Taylor sold 426 shares of the business’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 transaction of $81,131.70. Following the sale, the vice president now directly owns 11,428 shares in the company, valued at approximately $2,176,462.60. The disclosure for this sale can be found here. 12.72% of the stock is currently owned by insiders.

About LinkedIn Corp.

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.

5 Day Chart for NYSE:LNKD

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