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

Seeing as LinkedIn Corp (NYSE:LNKD) has faced bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there was a specific group of money managers who sold off their positions entirely by the end of the third quarter. Interestingly, Ken Griffin’s Citadel Investment Group dumped the largest position of the 700 funds monitored by Insider Monkey, worth close to $81.7 million in call options. Jacob Gottlieb’s fund, Visium Asset Management, also cut its call options, about $79.7 million worth.

Let’s go over hedge fund activity in other stocks similar to LinkedIn Corp (NYSE:LNKD). We will take a look at Archer Daniels Midland Company (NYSE:ADM), Equity Residential (NYSE:EQR), Norfolk Southern Corp. (NYSE:NSC), and Intuitive Surgical, Inc. (NASDAQ:ISRG). All of these stocks’ market caps are closest to LNKD’s market cap.

As you can see these stocks had an average of 28 funds with long positions at the end of September and the average amount invested in these stocks was $874 million. That figure was $4.84 billion in LNKD’s case. Norfolk Southern Corp. (NYSE:NSC) is the most popular stock in this table, while Equity Residential (NYSE:EQR) is the least popular one with only 20 bullish hedge fund positions. Compared to these stocks LinkedIn Corp (NYSE:LNKD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.