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Are you interested in the high-growth prospects of the internet information wave? If so, we ran a screen on stocks involved in this area for those with positive smart money sentiment.

We compiled a universe of internet information providers and then screened that list for stocks with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall (kapitall.com).

Do you think these stocks will outperform like hedge fund managers expect? Use this list as a starting point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. LinkedIn Corporation (LNKD): Operates an online professional network. Market cap at $10.81B, most recent closing price at $104.61. Net institutional purchases in the current quarter at 19.3M shares, which represents about 29.45% of the company's float of 65.54M shares.

2. Interxion Holding NV (INXN): Provides carrier-neutral colocation data center services in Europe. Market cap at $1.19B, most recent closing price at $17.84. Net institutional purchases in the current quarter at 9.3M shares, which represents about 24.58% of the company's float of 37.84M shares.

3. HomeAway, Inc. (AWAY): Operates an online marketplace for the vacation rental industry. Market cap at $1.82B, most recent closing price at $22.12. Net institutional purchases in the current quarter at 4.8M shares, which represents about 17.49% of the company's float of 27.45M shares.

4. Ancestry.com Inc. (ACOM): Operates as an online resource for family history for subscribers worldwide. Market cap at $1.18B, most recent closing price at $27.79. Net institutional purchases in the current quarter at 2.7M shares, which represents about 8.99% of the company's float of 30.03M shares.

5. Bankrate, Inc. (RATE): Offers online financial data feed management services. Market cap at $1.72B, most recent closing price at $17.20. Net institutional purchases in the current quarter at 3.4M shares, which represents about 8.58% of the company's float of 39.64M shares.

6. TechTarget, Inc. (TTGT): Provides specialized online content that brings together the buyers and sellers of corporate information technology (IT) products. Market cap at $197.54M, most recent closing price at $5.02. Net institutional purchases in the current quarter at 593.0K shares, which represents about 5.76% of the company's float of 10.30M shares.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 6 Internet Information Stocks Being Snapped Up By Hedge Funds