Is LinkedIn Corp (LNKD) a Good Stock to Buy?

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Is LinkedIn Corp (NYSE:LNKD) a buy here? The smart money is reducing their bets on the stock. The number of bullish hedge fund positions declined by seven during the last quarter. At the end of this article we will also compare LNKD to other stocks including Archer Daniels Midland Company (NYSE:ADM), Equity Residential (NYSE:EQR), and Norfolk Southern Corp. (NYSE:NSC) to get a better sense of its popularity.

Follow Linkedin Corp (NYSE:LNKD)

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Keeping this in mind, we’re going to analyze the new action encompassing LinkedIn Corp (NYSE:LNKD).

What does the smart money think about LinkedIn Corp (NYSE:LNKD)?

As stated earlier, during the third quarter, the number of funds tracked by Insider Monkey long LinkedIn Corp declined by seven and 59 investors reported holding shares as of the end of September. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their holdings considerably (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Pentwater Capital Management, led by Matthew Halbower, holds the most valuable position in LinkedIn Corp (NYSE:LNKD). Pentwater Capital Management has a $693.4 million position in the stock, comprising 6.4% of its 13F portfolio. Sitting at the No. 2 spot is Karthik Sarma’s SRS Investment Management, which holds a $509.4 million position; the fund has 13.5% of its 13F portfolio invested in the stock. Some other professional money managers with similar optimism consist of Thomas Steyer’s Farallon Capital, Nick Niell’s Arrowgrass Capital Partners, and David E. Shaw’s D E Shaw.

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