Limelight Networks, Inc. (LLNW) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. grew its position in Limelight Networks, Inc. (NASDAQ:LLNW) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,957,954 shares of the information services provider’s stock after purchasing an additional 39,585 shares during the period. Goldman Sachs Group Inc. owned approximately 28.34% of Limelight Networks worth $89,468,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LLNW. Teachers Advisors LLC raised its position in Limelight Networks by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 160,939 shares of the information services provider’s stock valued at $406,000 after purchasing an additional 10,823 shares during the period. Nationwide Fund Advisors boosted its position in shares of Limelight Networks by 109.0% in the first quarter. Nationwide Fund Advisors now owns 349,454 shares of the information services provider’s stock worth $902,000 after buying an additional 182,255 shares during the period. Strs Ohio boosted its position in shares of Limelight Networks by 58.4% in the first quarter. Strs Ohio now owns 68,100 shares of the information services provider’s stock worth $175,000 after buying an additional 25,100 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Limelight Networks by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 284,473 shares of the information services provider’s stock worth $734,000 after buying an additional 21,788 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Limelight Networks by 1,161.5% in the first quarter. JPMorgan Chase & Co. now owns 1,731,810 shares of the information services provider’s stock worth $4,468,000 after buying an additional 1,594,523 shares during the period. 68.99% of the stock is currently owned by institutional investors and hedge funds.
Limelight Networks, Inc. (LLNW) traded up 2.63% on Wednesday, hitting $4.30. The company had a trading volume of 125,647 shares. The firm’s 50 day moving average price is $3.71 and its 200 day moving average price is $3.17. Limelight Networks, Inc. has a 12-month low of $1.45 and a 12-month high of $4.30. The stock’s market cap is $469.77 million.
Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Wednesday, July 26th. The information services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Limelight Networks had a negative return on equity of 5.03% and a negative net margin of 8.65%. The company had revenue of $45.37 million during the quarter, compared to analyst estimates of $45.25 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that Limelight Networks, Inc. will post $0.06 earnings per share for the current fiscal year.
Several equities research analysts recently commented on LLNW shares. BidaskClub upgraded Limelight Networks from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Limelight Networks from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Thursday, September 28th. TheStreet raised shares of Limelight Networks from a “d+” rating to a “c” rating in a research report on Thursday, July 27th. Finally, B. Riley reaffirmed a “buy” rating and issued a $4.30 price objective on shares of Limelight Networks in a research report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Limelight Networks has an average rating of “Buy” and a consensus target price of $3.64.
ILLEGAL ACTIVITY NOTICE: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/10/04/limelight-networks-inc-llnw-shares-bought-by-goldman-sachs-group-inc.html.
Limelight Networks Profile
Limelight Networks, Inc operates a distributed network and provides a suite of integrated services marketed as the Limelight Orchestrate Platform. The Company is engaged in providing content delivery and related services and solutions for global businesses to help them deliver their digital content across Internet, mobile, and social channels.
Want to see what other hedge funds are holding LLNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Limelight Networks, Inc. (NASDAQ:LLNW).
Receive News & Stock Ratings for Limelight Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limelight Networks Inc. and related stocks with our FREE daily email newsletter.