Jane Street Group LLC purchased a new position in shares of Limelight Networks, Inc. (NASDAQ:LLNW) in the 4th quarter, HoldingsChannel reports. The firm purchased 17,701 shares of the information services provider’s stock, valued at approximately $41,000.
Several other large investors also recently made changes to their positions in LLNW. DDD Partners LLC increased its holdings in shares of Limelight Networks by 275.9% during the fourth quarter. DDD Partners LLC now owns 1,672,865 shares of the information services provider’s stock worth $3,915,000 after buying an additional 1,227,865 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Limelight Networks by 42.6% in the third quarter. JPMorgan Chase & Co. now owns 2,787,660 shares of the information services provider’s stock worth $13,994,000 after purchasing an additional 832,689 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Limelight Networks by 329.5% in the third quarter. Marshall Wace LLP now owns 1,052,358 shares of the information services provider’s stock worth $5,283,000 after purchasing an additional 807,359 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Limelight Networks in the fourth quarter worth $1,660,000. Finally, United Services Automobile Association grew its stake in shares of Limelight Networks by 25.8% in the fourth quarter. United Services Automobile Association now owns 2,972,900 shares of the information services provider’s stock worth $6,957,000 after purchasing an additional 610,277 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.
Shares of Limelight Networks stock opened at $2.97 on Tuesday. Limelight Networks, Inc. has a twelve month low of $2.21 and a twelve month high of $5.52. The firm has a market capitalization of $355.32 million, a P/E ratio of -148.50 and a beta of 2.70.
Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings data on Wednesday, April 17th. The information services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Limelight Networks had a negative return on equity of 8.17% and a net margin of 0.61%. The business had revenue of $43.28 million during the quarter, compared to the consensus estimate of $44.87 million. During the same period in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Limelight Networks from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 10th. BidaskClub cut shares of Limelight Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Finally, Raymond James raised shares of Limelight Networks from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.31.
About Limelight Networks
Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, social, and other digital initiatives.
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