Insider Selling: LinkedIn Corp. Director Unloads 6,250 Shares of Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) Director David Sze sold 6,250 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $248.03, for a total value of $1,550,187.50. Following the transaction, the director now directly owns 198,188 shares of the company’s stock, valued at approximately $49,156,570. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded down 0.03% during mid-day trading on Friday, hitting $244.99. 1,732,014 shares of the company’s stock traded hands. 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 $244.0 and a 200-day moving average of $201.1. The company has a market cap of $27.463 billion and a price-to-earnings ratio of 931.83.
LinkedIn Corp. (NASDAQ:LNKD) last released its earnings data on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 59.4% on a year-over-year basis.
A number of research firms have recently commented on LNKD. Analysts at Macquarie raised their price target on shares of LinkedIn Corp. (NASDAQ:LNKD) from $260.00 to $285.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of LinkedIn Corp. (NASDAQ:LNKD) from $250.00 to $280.00 in a research note to investors on Thursday, September 26th. They now have a “buy” rating 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 Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $230.10.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
Get Analysts' Upgrades and Downgrades via Email - 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.