LinkedIn Corp. Director Unloads $20,404,330 in Stock (LNKD)
LinkedIn Corp. (NASDAQ:LNKD) Director Reid Hoffman sold 83,334 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $244.85, for a total value of $20,404,329.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LNKD shares. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Friday, October 18th. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company. LinkedIn Corp. presently has a consensus rating of “Buy” and a consensus price target of $230.10.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded up 1.02% during mid-day trading on Thursday, hitting $243.29. The stock had a trading volume of 1,262,682 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 $234.6 and its 200-day moving average is $193.3. The company has a market cap of $27.273 billion and a P/E ratio of 915.70.
LinkedIn Corp. (NASDAQ:LNKD) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters 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.
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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