Insider Selling: Jeff Weiner Sells 37,000 Shares of LinkedIn Corp. Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) CEO Jeff Weiner sold 37,000 shares of LinkedIn Corp. stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $246.74, for a total transaction of $9,129,380.00. Following the sale, the chief executive officer now directly owns 181,835 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Tuesday, September 10th. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Wednesday, September 4th. They now have a $250.00 price target on the stock. Finally, analysts at Needham & Company reiterated a “positive” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Wednesday, August 28th. They now have a $280.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $224.17.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded up 0.76% during mid-day trading on Wednesday, hitting $249.58. The stock had a trading volume of 1,291,414 shares. LinkedIn Corp. has a 52 week low of $94.75 and a 52 week high of $257.56. The stock has a 50-day moving average of $236.9 and a 200-day moving average of $194.8. The company has a market cap of $27.978 billion and a P/E ratio of 941.79.
LinkedIn Corp. (NASDAQ:LNKD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.07. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $354.01 million. During the same quarter last year, the company posted $0.16 earnings per share. LinkedIn Corp.’s revenue was up 59.4% compared to the same quarter last year. Analysts expect that LinkedIn Corp. will post $1.54 EPS for the current fiscal year.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.
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