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

Share on StockTwits

LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner sold 37,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $204.49, for a total value of $7,566,130.00. Following the transaction, the chief executive officer now directly owns 218,162 shares of the company’s stock, valued at approximately $44,611,947. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of LinkedIn Corp (NYSE:LNKD) traded up 2.13% during mid-day trading on Wednesday, hitting $207.33. The stock had a trading volume of 1,677,359 shares. LinkedIn Corp has a one year low of $160.20 and a one year high of $257.56. The stock’s 50-day moving average is $208.2 and its 200-day moving average is $225.4. The company has a market cap of $24.989 billion and a price-to-earnings ratio of 910.31.

LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, February 6th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.01. The company had revenue of $447.20 million for the quarter, compared to the consensus estimate of $437.92 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 47.3% on a year-over-year basis. Analysts expect that LinkedIn Corp will post $1.58 EPS for the current fiscal year.

A number of analysts have recently weighed in on LNKD shares. Analysts at Morgan Stanley initiated coverage on shares of LinkedIn Corp in a research note on Tuesday. They set an “overweight” rating and a $250.00 price target on the stock. Separately, analysts at Zacks downgraded shares of LinkedIn Corp from a “neutral” rating to an “underperform” rating in a research note on Friday, February 28th. They now have a $194.00 price target on the stock. Finally, analysts at RBC Capital upgraded shares of LinkedIn Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. They now have a $250.00 price target on the stock, up previously from $225.00. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $244.06.

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

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Clinigen Group PLC’s Buy Rating Reiterated at N+1 Singer
Clinigen Group PLC’s Buy Rating Reiterated at N+1 Singer
Carillion plc Now Covered by Oriel Securities Ltd
Carillion plc Now Covered by Oriel Securities Ltd
Carillion plc Rating Reiterated by Liberum Capital
Carillion plc Rating Reiterated by Liberum Capital
Fresnillo Plc Given Buy Rating at Numis Securities Ltd
Fresnillo Plc Given Buy Rating at Numis Securities Ltd
Ladenburg Thalmann Downgrades Lehigh Gas Partners to Neutral
Ladenburg Thalmann Downgrades Lehigh Gas Partners to Neutral
Monster Beverage Corp Given New $125.00 Price Target at Goldman Sachs
Monster Beverage Corp Given New $125.00 Price Target at Goldman Sachs


Leave a Reply

 
© 2006-2014 Mideast Time.