LinkedIn Corp CEO Jeff Weiner Sells 110,794 Shares (LNKD)

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LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner sold 110,794 shares of the stock on the open market in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $175.16, for a total transaction of $19,406,677.04. Following the completion of the sale, the chief executive officer now directly owns 209,641 shares in the company, valued at approximately $36,720,718. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

LinkedIn Corp (NYSE:LNKD) traded up 3.65% during mid-day trading on Thursday, hitting $178.05. The stock had a trading volume of 3,195,295 shares. LinkedIn Corp has a one year low of $136.02 and a one year high of $257.56. The stock’s 50-day moving average is $164.0 and its 200-day moving average is $180.3. The company’s market cap is $21.679 billion.

LinkedIn Corp (NYSE:LNKD) last announced its earnings results on Thursday, May 1st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.04. The company had revenue of $473.20 million for the quarter, compared to the consensus estimate of $466.70 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 45.7% on a year-over-year basis. Analysts expect that LinkedIn Corp will post $1.65 EPS for the current fiscal year.

A number of research firms have recently commented on LNKD. Analysts at Zacks reiterated a “neutral” rating on shares of LinkedIn Corp in a research note on Friday, July 18th. They now have a $165.00 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of LinkedIn Corp in a research note on Thursday, June 26th. They set an “equal weight” rating and a $175.00 price target on the stock. Finally, analysts at Evercore Partners reiterated an “overweight” rating on shares of LinkedIn Corp in a research note on Tuesday, June 3rd. They now have a $220.00 price target on the stock, down previously from $240.00. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. LinkedIn Corp has an average rating of “Buy” and an average price target of $228.47.

LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with approximately 277 million members in over 200 countries and territories.

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