LinkedIn Corp. SVP Sells $1,402,375 in Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) SVP James Kevin Scott sold 6,250 shares of LinkedIn Corp. stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $224.38, for a total value of $1,402,375.00. Following the completion of the sale, the senior vice president now directly owns 36,182 shares of the company’s stock, valued at approximately $8,118,517. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $230.10.
LinkedIn Corp. (NASDAQ:LNKD) traded up 2.58% on Thursday, hitting $227.55. The stock had a trading volume of 2,274,584 shares. LinkedIn Corp. has a one year low of $94.75 and a one year high of $257.56. The stock has a 50-day moving average of $243. and a 200-day moving average of $202.. The company has a market cap of $25.508 billion and a price-to-earnings ratio of 843.46. LinkedIn Corp. also saw 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 average 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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