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

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LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner sold 37,000 shares of LinkedIn Corp stock on the open market in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $206.37, for a total transaction of $7,635,690.00. Following the completion of the sale, the chief executive officer now directly owns 201,025 shares of the company’s stock, valued at approximately $41,485,529. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

LinkedIn Corp (NYSE:LNKD) opened at 201.99 on Friday. LinkedIn Corp has a one year low of $136.02 and a one year high of $253.66. The stock’s 50-day moving average is $216.3 and its 200-day moving average is $182.3. The company’s market cap is $24.826 billion.

LinkedIn Corp (NYSE:LNKD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.12. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $511.03 million. During the same quarter last year, the company posted $0.38 earnings per share. LinkedIn Corp’s revenue was up 46.8% compared to the same quarter last year. On average, analysts predict that LinkedIn Corp will post $1.87 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on LNKD shares. Analysts at Cowen and Company upgraded shares of LinkedIn Corp from a “market perform” rating to an “outperform” rating in a research note on Friday, September 26th. They now have a $253.00 price target on the stock, up previously from $195.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of LinkedIn Corp in a research note on Friday, September 19th. They now have a $221.00 price target on the stock. Finally, analysts at First Analysis initiated coverage on shares of LinkedIn Corp in a research note on Tuesday, August 26th. They set an “overweight” rating and a $280.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $240.00.

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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