Renren Inc. (NYSE:RENN) swung to a fourth-quarter profit as the Chinese social-networking company booked a gain tied to a former subsidiary, masking a sharp drop in revenue and higher expenses. Renren Inc. (NYSE:RENN) shares after opening at $3.30 moved to $3.33 on last trade day and at the end of the day closed at $3.27. Company price to sales ratio in past twelve months was calculated as 6.43 and price to cash ratio as 1.36. Renren Inc. (NYSE:RENN) showed a positive weekly performance of 2.83%.
LinkedIn Corp (NYSE:LNKD) Director David L. Sze sold 6,250 shares of LinkedIn Corp stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $185.60, for a total transaction of $1,160,000.00. Following the completion of the sale, the director now directly owns 123,188 shares of the company’s stock, valued at approximately $22,863,693. The transaction was disclosed in a document filed with the SEC, which is available at this link. LinkedIn Corp. (NYSE:LNKD) shares fell 2.44% in last trading session and ended the day on $183.38. LinkedIn Corp. (NYSE:LNKD) return on equity ratio is recorded as 1.50% and its return on assets is 1.10%. LinkedIn Corp. (NYSE:LNKD) yearly performance is 9.60%.
Pacific Crest upgraded shares of SINA Corp (NASDAQ:SINA) from a sector perform rating to an outperform rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have $88.00 target price on the stock. SINA Corp. (NASDAQ:SINA) shares moved up 0.36% in last trading session and was closed at $61.75, while trading in range of $ 61.00 – 63.75. SINA Corp. (NASDAQ:SINA) year to date (YTD) performance is -26.71%.
The investment firm SAC Capital Advisors founded by Steven A. Cohen has disclosed that it has doubled its stake in Zynga Inc (NASDAQ:ZNGA). It now owns more than 5% in the company share earlier the share of the company was 2.2%. The total $173 million was paid to complete this deal. Zynga Inc. (NASDAQ:ZNGA) weekly performance is -6.90%. On last trading day company shares ended up $4.32. Zynga Inc. (NASDAQ:ZNGA) distance from 50-day simple moving average (SMA50) is -9.17%. Analysts mean target Price for the company is $4.32.
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