LinkedIn Corp. Director David Sze Unloads 6,250 Shares (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) Director David Sze unloaded 6,250 shares of the company’s stock on the open market in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $234.05, for a total value of $1,462,812.50. Following the completion of the transaction, the director now directly owns 191,938 shares in the company, valued at approximately $44,923,089. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
LinkedIn Corp. (NASDAQ:LNKD) traded up 1.47% during mid-day trading on Wednesday, hitting $238.92. The stock had a trading volume of 1,749,567 shares. LinkedIn Corp. has a 1-year low of $94.75 and a 1-year high of $257.56. The stock has a 50-day moving average of $243.0 and a 200-day moving average of $204.2. The company has a market cap of $26.783 billion and a price-to-earnings ratio of 895.25.
LinkedIn Corp. (NASDAQ:LNKD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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.
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, October 8th. 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 stock. LinkedIn Corp. has a consensus rating of “Buy” and a consensus target price of $230.10.
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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