LinkedIn Corp (NYSE:LNKD)’s U.S. growth has started saturating. In Q4, 2013, the U.S. market accounted for 61% of its total revenue, down from 62% in the same period a year ago. So, the professional networking giant is looking for new growth avenues. LinkedIn CEO Jeff Weiner revealed the company’s strategic objectives at the Morgan Stanley 2014 Technology, Media and Telecom Conference. Morgan Stanley analyst Scott Devitt has an Overweight rating on the stock. LinkedIn Corp (NYSE:LNKD) shares after opening at $184.65 moved to $189.29 on last trade day and at the end of the day closed at $188.54. Company price to sales ratio in past twelve months was calculated as 14.79 and price to cash ratio as 9.71. LinkedIn Corp (NYSE:LNKD) showed a negative weekly performance of -7.77%.
Baidu Inc (ADR)(NASDAQ:BIDU) is well-known as the Google (GOOG) of China given its 73% share of combined mobile and PC search traffic. Baidu Inc (ADR) (NASDAQ:BIDU) shares fell 0.74% in last trading session and ended the day on $151.00. Baidu Inc (ADR) (NASDAQ:BIDU) return on equity ratio is recorded as 34.90% and its return on assets is 20.10%. Baidu Inc (ADR) (NASDAQ:BIDU) yearly performance is 71.34%.
YP, the largest local ad platform in the U.S., and Yelp Inc (NYSE:YELP), the company that connects consumers with great local businesses, announced that the two local search leaders have agreed to a strategic deal. The agreement will allow YP to enhance its customers’ business listings on Yelp and expand their distribution within the YP Local Ad Network to include Yelp’s vast consumer reach. The agreement also provides Yelp with additional means to access local businesses through YP and enrich their business listings with engaging content for consumers. Yelp Inc (NYSE:YELP) shares moved up 1.70% in last trading session and was closed at $78.18, while trading in range of $ 74.25 – 80.00. Yelp Inc (NYSE:YELP) year to date (YTD) performance is 13.39%.
Renren Inc (NYSE:RENN), a leading real-name social networking internet platform in China, announced that Baidu Holdings Limited, a subsidiary of Baidu, Inc., Nuomi Holdings Inc. (“Nuomi”) and Renren have entered into a definitive agreement, pursuant to which Baidu Holdings Limited will acquire Renren’s remaining stake in Nuomi. Subject to the satisfaction or waiver of the closing conditions provided in the definitive agreement, the parties expect to close this acquisition in the first quarter of 2014. Renren Inc (NYSE:RENN) weekly performance is -3.93%. On last trading day company shares ended up $3.18. Renren Inc (NYSE:RENN) distance from 50-day simple moving average (SMA50) is -8.52%. Analysts mean target price for the company is $2.90.
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