LinkedIn Corp (LNKD): Buy or Sell? This 1 Metric Tells You

LinkedIn Corp (NYSE:LNKD), a popular professional networking portal, is in the headlines after BMO analysts predicted its formal launch in China. Daniel Salmon and Jeffrey Silber, research analysts at BMO Capital Markets, raised their rating from ‘market perform’ to ‘outperform’ and also raised their price objective from $235 to $270. The revised price target suggests about 16-percent upside from its Friday’s closing. The stock has gained close to 37 percent in the past six months and it would certainly be noteworthy to have a quick glance at how hedge-fund managers and company insiders are trading their investments in this stock.

LinkedIn Corp (NYSE:LNKD)

How are hedge funds trading LinkedIn Corp (NYSE:LNKD)?

In the third quarter, 56 hedge funds tracked by Insider Monkey held long positions in this stock, a 24-percent increase from the previous quarter.

When looking at the hedgies followed by Insider Monkey, Lansdowne Partners, managed by Paul Ruddock and Steve Heinz, holds the largest position in LinkedIn Corp (NYSE:LNKD) with investment worth $294 million, comprising 3.2 percent of its total investment portfolio. Following in the list is Coatue Management, led by Philippe Laffont, holding a $254.7-million investment, comprising 2.6 percent of its total portfolio. Some other hedge fund managers that hold long positions include Jim Simons of Renaissance Technologies, Donald Chiboucis of Columbus Circle Investors and Ken Griffin of Citadel Investment Group.

As aggregate interest increased, key money managers have been driving this bullishness. Fortress Investment Group, managed by Michael Novogratz, established the largest position in LinkedIn Corp (NYSE:LNKD) with an investment worth $15.9 million at the end of the quarter. John Overdeck and David Siegel of Two Sigma Advisors also initiated a $15-million position during the quarter. The other fund managers with brand new LNKD positions are Christopher Medlock James of Partner Fund Management, Andrew Sandler of Sandler Capital Management, and Andrew Immerman and Jeremy Schiffman of Palestra Capital Management.

What do insiders think about LinkedIn Corp (NYSE:LNKD)?

Over the last 180-day time frame, LinkedIn Corp (NYSE:LNKD) has seen zero unique insiders purchasing and 13 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to LinkedIn Corp (NYSE:LNKD). These stocks are Akamai Technologies, Inc. (NASDAQ:AKAM), Tripadvisor Inc.(NASDAQ:TRIP), Yandex NV (NASDAQ:YNDX), Baidu.com, Inc. (ADR) (NASDAQ:BIDU), and Yahoo! Inc. (NASDAQ:YHOO). This group of stocks is in the internet information providers industry and their market caps resemble LNKD’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Akamai Technologies, Inc. (NASDAQ:AKAM) 21 0 6
Tripadvisor Inc.(NASDAQ:TRIP) 42 0 1
Yandex NV (NASDAQ:YNDX) 30 0 0
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) 53 0 0
Yahoo! Inc. (NASDAQ:YHOO) 68 0 4

Among peers Yahoo! Inc. (NASDAQ:YHOO) seems to be a notable stock with 68 hedge funds holding positions as compared to 56 funds holding position in LinkedIn Corp (NYSE:LNKD). Moreover there is no significant insider activity among any of the peer stocks.


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