Traders Purchase Large Volume of LinkedIn Corp. Put Options (LNKD)
Shares of LinkedIn Corp. (NASDAQ:LNKD) was the recipient of some unusual options trading on Tuesday. Investors acquired 36,268 put options on the stock, AR Network reports. This is an increase of approximately 206% compared to the typical daily volume of 11,841 put options.
In other LinkedIn Corp. news, Director David L. Sze sold 6,250 shares of LinkedIn Corp. stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $248.03, for a total transaction of $1,550,187.50. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on LNKD. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Tuesday. Separately, analysts at Macquarie raised their price target on shares of LinkedIn Corp. 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. Finally, analysts at Wunderlich raised their price target on shares of LinkedIn Corp. 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. One 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 presently has a consensus rating of “Buy” and a consensus price target of $230.10.
LinkedIn Corp. (NASDAQ:LNKD) traded down 6.10% during mid-day trading on Tuesday, hitting $222.73. 6,439,686 shares of the company’s stock traded hands. LinkedIn Corp. has a one year low of $94.75 and a one year high of $257.56. The stock’s 50-day moving average is $244.3 and its 200-day moving average is $202.0. The company has a market cap of $24.968 billion and a P/E ratio of 901.94.
LinkedIn Corp. (NASDAQ:LNKD) last released its earnings data on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 238 million members in over 200 countries and territories.
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