Hi Brooke,
Thank you for using our Microsoft Advertising Community Forum! This is Lou and I will be assisting you with your inquiry today.
I understand you would like to check if can target & bid for LinkedIn profile targeting (industry, job function, company) for standard search ads.
Microsoft Advertising does not support the "target and bid" option for LinkedIn profile targeting. Instead, it uses a "bid only" approach, as what you were aware of.
If you also visit the link below (see the highlighted part below the page), it shows that for LinkedIn, targeting is "bid only”.
Should there be any questions/clarifications, feel free to reply. Also, our support teams are happy to discuss your account in more detail via phone, chat or email to provide review assistance, please see our support page to reach out!
Take care!
Thank you,
Lou| Microsoft Advertising Support Specialist | 800-518-5689