Insider Selling: LinkedIn Corp. CEO Sells 37,000 Shares of Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) CEO Jeff Weiner sold 37,000 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $240.28, for a total value of $8,890,360.00. Following the sale, the chief executive officer now directly owns 181,835 shares in the company, valued at approximately $43,691,314. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company’s stock. LinkedIn Corp. has a consensus rating of “Buy” and an average price target of $230.10.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded down 0.40% during mid-day trading on Wednesday, hitting $221.83. 4,484,810 shares of the company’s stock traded hands. LinkedIn Corp. has a 1-year low of $94.75 and a 1-year high of $257.56. The stock’s 50-day moving average is $244.1 and its 200-day moving average is $202.. The company has a market cap of $24.867 billion and a P/E ratio of 846.88. LinkedIn Corp. also was the recipient of unusually large options trading on Tuesday. Investors acquired 35,822 call options on the company. This is an increase of approximately 215% compared to the typical daily volume of 11,360 call options.
LinkedIn Corp. (NASDAQ:LNKD) last issued its quarterly 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 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.
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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