Amazon, Fitbit, and LinkedIn Among 5 Major Stocks Making Noise Today

SYSCO Recieves Antitrust Approval from the EU for Purchase

SYSCO Corporation (NYSE:SYY) is in the news after the European Union gave it the okay to buy Brakes Group. Brakes is a major European food-service distributor that did around $5 billion in sales during its previous fiscal year. SYSCO bought Brakes for $3.1 billion in February. Shares of SYSCO are up by 20% year-to-date and have been trading in a narrow range for the past month. According to our records, Jim Simons‘ Renaissance Technologies was one of the top shareholders of SYSCO Corporation (NYSE:SYY) as of the most recent 13F filing period.

Analyst Gives Thumbs Up to LinkedIn 

LinkedIn Corp (NYSE:LNKD) is 2.80% higher this morning after analysts at RBC Capital upgraded the stock to ‘Outperform’ from ‘Sector Perform’. The analysts also raised their target price on it to $160 per share, citing the company’s strong position in the advertising and recruitment markets. Given LinkedIn Corp (NYSE:LNKD)’s retracement this year, the analysts also like the social media company’s “reasonably attractive” valuation. Of the funds that we track, 41 of them owned $1.39 billion in LinkedIn Corp (NYSE:LNKD) shares on March 31, which accounted for 9.20% of the float.

Fitbit Receives Some Love From the Sell-Side

Fitbit Inc (NYSE:FIT) has opened 2% higher out of the gate this morning after analysts at Wedbush initiated coverage on the wearable tech company with an ‘Outperform’ rating and $18 price target. The analysts like the growth opportunities available to the company through signing up more corporate wellness programs. With shares of the company down by over 50% year-to-date, they now trade for less than 10-times forward earnings estimates. The number of elite funds owning shares of Fitbit Inc (NYSE:FIT) increased to 30 from 27 quarter-over-quarter as of March 31.

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