LinkedIn Corp. CFO Sells $1,096,150 in Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) CFO Steven Sordello sold 5,000 shares of the stock on the open market in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $219.23, for a total value of $1,096,150.00. Following the completion of the transaction, the chief financial officer now directly owns 42,138 shares of the company’s stock, valued at approximately $9,237,914. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
LNKD has been the subject of a number of recent research reports. 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 given a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $230.10.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded down 0.41% during mid-day trading on Friday, hitting $226.62. 1,724,683 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 $243.7 and a 200-day moving average of $202.6. The company has a market cap of $25.404 billion and a P/E ratio of 865.21. LinkedIn Corp. also was the recipient of unusually large options trading on Tuesday. Stock traders acquired 35,822 call options on the company. This represents an increase of 215% compared to the typical 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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