LinkedIn Corp (NYSE:LNKD) has seen a decrease in enthusiasm from smart money recently.
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Now, let’s take a glance at the key action regarding LinkedIn Corp (NYSE:LNKD).
What does the smart money think about LinkedIn Corp (NYSE:LNKD)?
At Q1’s end, a total of 40 of the hedge funds we track were long in this stock, a change of 0% from the previous quarter. With the smart money’s capital changing hands, there exists a few key hedge fund managers who were boosting their holdings meaningfully.
When looking at the hedgies we track, Jim Simons’s Renaissance Technologies had the largest position in LinkedIn Corp (NYSE:LNKD), worth close to $176.6 million, accounting for 0.4% of its total 13F portfolio. On Renaissance Technologies’s heels is Columbus Circle Investors, managed by Donald Chiboucis, which held a $155.1 million position; 1.2% of its 13F portfolio is allocated to the stock. Other hedge funds with similar optimism include John Thaler’s JAT Capital Management, Philippe Laffont’s Coatue Management and Paul Ruddock and Steve Heinz’s Lansdowne Partners.
Due to the fact that LinkedIn Corp (NYSE:LNKD) has faced declining sentiment from the smart money, it’s easy to see that there was a specific group of hedgies that elected to cut their full holdings last quarter. Intriguingly, Michael Karsch’s Karsch Capital Management said goodbye to the biggest position of all the hedgies we track, totaling close to $21.2 million in stock.. Scott Fine and Peter Richards’s fund, Empire Capital Management, also cut its stock, about $10.9 million worth. These bearish behaviors are important to note, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).
Insider trading activity in LinkedIn Corp (NYSE:LNKD)
Insider buying is particularly usable when the company in question has experienced transactions within the past six months. Over the last six-month time frame, LinkedIn Corp (NYSE:LNKD) has experienced zero unique insiders buying, and 13 insider sales (see the details of insider trades here).
Let’s also review 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 belong to the internet information providers industry and their market caps are similar to LNKD’s market cap.