LinkedIn Corp (LNKD) Replaces Amazon.com, Inc. (AMZN) in Ann Winblad’s Top Stock Picks

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LinkedIn Corp (NYSE:LNKD)’s stock is getting picked by analysts as one to watch out for owing to the massive recovery it had after making a low near $136 levels in May this year. While most people are worried about the valuation that other social media stocks are commanding, it’s rare to find someone saying that LinkedIn Corp (NYSE:LNKD)’s stock is overpriced. In terms of Business, the company is doing great, especially after launching a Chinese language professional networking site in February of this year. On the other hand Amazon.com, Inc. (NASDAQ:AMZN) has started to face heat from a lot of analysts for being opaque with its numbers. Ann Winblad, from Hummer Winblad Venture Partners, was recently on CNBC to discuss why she included LinkedIn Corp (NYSE:LNKD) in her top stock picks and dropped Amazon.com, Inc. (NASDAQ:AMZN).

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“I think LinkedIn is heading to a big space called analytics, they are already there. I have changed the outlook for Amazon, I think it’s getting harder for shareholders to really understand Amazon’s model. They are very opaque in their numbers; it’s hard to see where they are going in the enterprise software market and it’s really clear to see where LinkedIn is going with the new product offerings and business to business,” Winblad said.

Winblad feels that Amazon.com, Inc. (NASDAQ:AMZN) needs to be open about a lot of numbers that analysts expect it to disclose. She finds cloud computing as one of the most important areas, whose specific numbers Amazon.com, Inc. (NASDAQ:AMZN) must disclose. She doesn’t considers Amazon.com, Inc. (NASDAQ:AMZN) as an e-commerce company, but instead believes that it has transformed itself into an enterprise software company.

As of June 30, 2014, Kerr Neilson’s Platinum Asset Management owns over 800,000 shares of LinkedIn Corp (NYSE:LNKD) and Ken Fisher’s Fisher Asset Management owns over 2.4 million shares in Amazon.com, Inc. (NASDAQ:AMZN).

Disclosure: None

 

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