LinkedIn Corp (NYSE:LNKD)’s stock has maintained a consistent run in the market, since Mayand is consequently up by 51%. One could be mistaken to think that after such a big percentage gain, investors would shy away from the stock. During an interview on CNBC, co-founder and Managing Director of Winblad Venture Partners, Ann Winblad, announced she was replacing Amazon.com, Inc. (NASDAQ:AMZN) from her portfolio with LinkedIn.
On May 12, 2014, Winblad selected Amazon.com, Inc. (NASDAQ:AMZN), Google Inc. (NASDAQ:GOOG) and salesforce.com, inc. (NYSE:CRM) as her favorite picks, but has since replaced Amazon with LinkedIn Corp (NYSE:LNKD). Winblad believes that LinkedIn has the potential to grow on the analytics space that it is currently focused on.
“I think LinkedIn Corp (NYSE:LNKD) is headed into a big space called analytics; they are already there. I changed that LinkedIn for Amazon, I think it is getting harder for shareholders to really understand Amazon.com, Inc. (NASDAQ:AMZN)’s model […],” said Mrs. Winbald.
Amazon’s inability to clearly highlight plans for the enterprise is another point of concern according to Winblad. LinkedIn Corp (NYSE:LNKD) remains a preferred option when compared to Amazon.com, Inc. (NASDAQ:AMZN) as it has continued to grow its product offerings, which are expected to spur growth going forward.
The cloud remains a key area that Winblad believes Amazon.com, Inc. (NASDAQ:AMZN) is a huge player, but reiterated it also needs to pay a closer watch on the enterprise side of the business. Winblad argues that it is high time Amazon lessened its focus on e-commerce where it is arguably the number one player to focus more on the cloud and enterprise.
“I’d like to see more openness on the numbers in their cloud area. They are a huge player there, we rarely see a startup pitching to us that it isn’t working with Amazon.com, Inc. (NASDAQ:AMZN), but they are not just a commerce company anymore. They really are an enterprise software company, and that’s really hard to tease out of their numbers,” said Mrs. Winbald.
D. E. Shaw held 161,061 shares, worth $27.62 million, of LinkedIn Corp (NYSE:LNKD) at the end of the second quarter of 2014.