LinkedIn Corp. CEO Jeff Weiner Sells 37,000 Shares (LNKD)

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LinkedIn Corp. (NYSE:LNKD) CEO Jeff Weiner unloaded 37,000 shares of LinkedIn Corp. stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $212.21, for a total transaction of $7,851,770.00. Following the completion of the sale, the chief executive officer now directly owns 174,901 shares of the company’s stock, valued at approximately $37,115,741. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

LinkedIn Corp. (NYSE:LNKD) opened at 214.36 on Thursday. LinkedIn Corp. has a 52-week low of $122.08 and a 52-week high of $257.56. The stock has a 50-day moving average of $215.0 and a 200-day moving average of $227.7. The company has a market cap of $25.595 billion and a P/E ratio of 956.44.

A number of analysts have recently weighed in on LNKD shares. Analysts at Cowen and Company reiterated a “market perform” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday. Separately, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Monday, January 27th. Finally, analysts at Topeka Capital Markets initiated coverage on shares of LinkedIn Corp. in a research note to investors on Friday, January 17th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $246.47.

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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