LinkedIn Corp. Given “Overweight” Rating at Evercore Partners (LNKD)
LinkedIn Corp. (NASDAQ:LNKD)‘s stock had its “overweight” rating restated by equities research analysts at Evercore Partners in a research note issued to investors on Tuesday, ARN reports. They currently have a $280.00 price target on the stock, up from their previous price target of $250.00. Evercore Partners’ target price points to a potential upside of 16.88% from the company’s current price.
A number of other firms have also recently commented on LNKD. Analysts at SunTrust reiterated a “neutral” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Monday. Separately, analysts at CRT Capital initiated coverage on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Thursday, September 19th. They set a “buy” rating and a $302.00 price target on the stock. Finally, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Tuesday, September 10th.
One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $228.21.
LinkedIn Corp. (NASDAQ:LNKD) opened at 239.56 on Tuesday. 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 $240.5 and a 200-day moving average of $196.9. The company has a market cap of $26.854 billion and a price-to-earnings ratio of 910.87.
LinkedIn Corp. (NASDAQ:LNKD) last issued its quarterly earnings data 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 in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 59.4% on a year-over-year basis. Analysts expect that LinkedIn Corp. will post $1.54 EPS for the current fiscal year.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $246.74, for a total transaction of $9,129,380.00. Following the transaction, the chief executive officer now directly owns 181,835 shares of the company’s stock, valued at approximately $44,865,968. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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