LinkedIn Corp. (NYSE:LNKD) Director David L. Sze sold 6,250 shares of LinkedIn Corp. stock on the open market in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $228.30, for a total value of $1,426,875.00. Following the completion of the transaction, the director now directly owns 154,438 shares of the company’s stock, valued at approximately $35,258,195. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on LNKD shares. Analysts at Topeka Capital Markets initiated coverage on shares of LinkedIn Corp. in a research note to investors on Friday. They set a “hold” rating on the stock. Separately, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Tuesday. Finally, analysts at FBN Securities initiated coverage on shares of LinkedIn Corp. in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the stock. LinkedIn Corp. has a consensus rating of “Hold” and an average target price of $242.09.
Shares of LinkedIn Corp. (NYSE:LNKD) traded down 4.61% during mid-day trading on Friday, hitting $219.93. 2,864,730 shares of the company’s stock traded hands. LinkedIn Corp. has a 52-week low of $117.50 and a 52-week high of $257.56. The stock has a 50-day moving average of $220.1 and a 200-day moving average of $225.4. The company has a market cap of $26.261 billion and a P/E ratio of 1038.56.
LinkedIn Corp. (NYSE:LNKD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.07. The company had revenue of $393.00 million for the quarter, compared to the consensus estimate of $385.57 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 56.0% on a year-over-year basis. Analysts expect that LinkedIn Corp. will post $1.61 EPS for the current fiscal year.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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