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.
Receive News & Ratings for LinkedIn Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LinkedIn Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.