LinkedIn Corp. Now Covered by Analysts at FBN Securities (LNKD)
Research analysts at FBN Securities assumed coverage on shares of LinkedIn Corp. (NYSE:LNKD) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $216.86, for a total transaction of $8,023,820.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of LinkedIn Corp. (NYSE:LNKD) traded up 1.26% during mid-day trading on Tuesday, hitting $216.22. 1,365,192 shares of the company’s stock traded hands. LinkedIn Corp. has a 1-year low of $116.58 and a 1-year high of $257.56. The stock’s 50-day moving average is $220.1 and its 200-day moving average is $225.. The company has a market cap of $25.818 billion and a price-to-earnings ratio of 961.89.
LinkedIn Corp. (NYSE:LNKD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.07. The company had revenue of $393.00 million for the quarter, compared to the consensus estimate of $385.57 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 56.0% on a year-over-year basis. On average, analysts predict that LinkedIn Corp. will post $1.61 earnings per share for the current fiscal year.
A number of other firms have also recently commented on LNKD. Analysts at Wunderlich reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Friday. Separately, analysts at Merrill Lynch cut their price target on shares of LinkedIn Corp. from $270.00 to $240.00 in a research note to investors on Tuesday, January 7th. They now have a “neutral” rating on the stock. Finally, analysts at Bank of America Corp. downgraded shares of LinkedIn Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $240.00 price target on the stock, down previously from $270.00. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $242.09.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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