Insider Selling: Jeff Weiner Unloads 110,794 Shares of LinkedIn Corp Stock (LNKD)

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LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner unloaded 110,794 shares of the company’s 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 of the company’s stock, valued at approximately $36,720,718. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.31% during mid-day trading on Friday, hitting $178.60. 545,137 shares of the company’s stock traded hands. LinkedIn Corp has a 52-week low of $136.02 and a 52-week high of $257.56. The stock’s 50-day moving average is $164.6 and its 200-day moving average is $180.3. The company’s market cap is $21.746 billion.

LinkedIn Corp (NYSE:LNKD) last announced its earnings results on Thursday, May 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 45.7% on a year-over-year basis. On average, analysts predict that LinkedIn Corp will post $1.65 earnings per share for the current fiscal year.

LNKD has been the subject of a number of recent research reports. 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 analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus 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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