Insider Selling: LinkedIn Corp. Director Sells 83,334 Shares of Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) Director Reid Hoffman sold 83,334 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $240.28, for a total transaction of $20,023,493.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 issued a hold rating and sixteen have issued a buy rating to the company’s stock. LinkedIn Corp. currently has a consensus rating of “Buy” and an average target price of $230.10.
LinkedIn Corp. (NASDAQ:LNKD) traded down 0.40% during mid-day trading on Wednesday, hitting $221.83. The stock had a trading volume of 4,484,810 shares. 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 target of unusually large options trading on Tuesday. Stock traders acquired 35,822 call options on the company. This is an increase of 215% compared to the typical daily volume of 11,360 call options.
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. On average, analysts predict that LinkedIn Corp. will post $1.54 earnings per share 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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