Owning what's probably the world's biggest database of professional rolodexes, LinkedIn (LNKD +1.4%) is thinking of dipping its toes into the enterprise social networking space, says CEO Jeff Weiner. Private-sharing tools meant to work behind corporate firewalls are being internally tested, he adds. If LinkedIn enters this market, its user base and data could make it a formidable rival to incumbents such as Jive Software (JIVE), IBM, Microsoft (Yammer), and Salesforce.com (Chatter).
Tiger Global still owned nearly 10% of Groupon (GRPN - previous) at the end of Q4, the money manager discloses in its latest 13F. However, Tiger liquidated its sizable positions in LinkedIn (LNKD - 2M shares), Facebook (FB -11.8M shares), and Google (GOOG - 698K shares). A 1M-share position was established in First Solar (FSLR), a 525K-share position in Workday (WDAY), a 3.8M-share position in YY (YY +4.5% - spiking higher) , and a 1.5M-share position in Motorola Solutions (MSI).
LinkedIn (LNKD +19.7%) is off to the races as accolades pour in following its huge Q4 beat, and is lifting some recent Internet IPOs along the way. YELP +5.6%. GRPN +2.7%. ZNGA +4.2%. "LinkedIn remains one of the best business models online today," writes Cantor, impressed with 106% Y/Y international growth but maintaining a Hold on valuation grounds. LinkedIn stated on its earnings call it plans a "mid-single-digit" price increase for its recruiting product. 2,400 Talent Solutions customers were added in Q4, raising the total base to 16.4K organizations.
More on LinkedIn: Growth remains torrid: Talent Solutions (jobs) +90% Y/Y in Q4 and 53% of sales (+95% in Q3). Marketing Solutions (ads) +68% and 27% of sales (+60% prior). Subscriptions +79% and 20% of sales (+74% prior). International 38% of sales, up from Q3's 36%. Costs/expenses +76% thanks to sales/marketing and R&D investments. Registered users up by 15M Q/Q to 202M, unique visitors by 6M to 116M. LNKD +9.3% AH. CC at 5PM ET (webcast). (PR) (slides)
LinkedIn's (LNKD) Q4 earnings are due out after the bell, with analysts expecting that EPS climbed to $0.19 from $0.12 a year earlier and revenue 66.6% to $279.5M as the firm continued to grow its hiring-services business. "We believe the company's focused and calculated approach to expanding the recruiting and marketing product portfolio is laying a great foundation for highly leverageable growth," says Piper Jaffray's Gene Munster.
LinkedIn (LNKD +0.3%) is underperforming ahead of Thursday's Q4 report even though Piper has launched coverage with an Overweight and $150 PT. The professional social networking giant has surged to new highs since delivering a strong Q3 report, and now trades at 94x 2013E EPS. A recent WSJ survey highlighted LinkedIn's growing popularity with small businesses as a marketing platform.
LinkedIn (LNKD +3%) adds to yesterday's gains after CLSA's James Lee starts coverage with an Outperform and $133 PT. Lee thinks LinkedIn is addressing a $70B market opportunity, and declares the company's scale and products "disruptive to the existing war-for-talent game." He also likes LinkedIn's network effects and operating leverage, and sees a chance for the company to succeed in China.
LinkedIn (LNKD +1.9%) trades higher after announcing it now has 200M registered users. That's an increase of 13M from the 187M reported on Nov. 1 in the company's Q3 report, and represents a doubling from March '11. The professional networking site's international reach has been growing quickly - 64% of registered users now reside outside the U.S., though only 36% of Q3 sales came from international markets.
More on LinkedIn: At a conference yesterday, CEO Jeff Weiner stated his company aims to create an "economic graph" of information about professionals, much like how Facebook has created a "social graph" of connections between users and their interests. Weiner sees an economic graph enabling tools that allow companies to analyze a workforce and business conditions in a particular area. Also, as demonstrated by recent moves, he wants LinkedIn to be a bigger source of original content that can be used to demonstrate expertise.
LinkedIn (LNKD) hopes to give its ad sales (25% of Q3 revenue) a boost by launching an API that will give developers the chance to build tools for automatically launching and quickly managing ad campaigns. That, in turn, could help LinkedIn be the recipient of the kind of large-scale campaigns often seen on Facebook, and enabled by the likes of Salesforce-acquired Buddy Media. Adobe is among the initial API partners.