LinkedIn Corp. Director Sells $17,684,308 in Stock (LNKD)
LinkedIn Corp. (NYSE:LNKD) Director Reid Hoffman unloaded 83,334 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $212.21, for a total value of $17,684,308.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of LinkedIn Corp. (NYSE:LNKD) traded up 0.96% during mid-day trading on Wednesday, hitting $214.36. The stock had a trading volume of 2,150,697 shares. LinkedIn Corp. has a one year low of $122.08 and a one year high of $257.56. The stock’s 50-day moving average is $215.3 and its 200-day moving average is $227.. The company has a market cap of $25.595 billion and a price-to-earnings ratio of 956.44.
A number of analysts have recently weighed in on LNKD shares. Analysts at Cowen and Company reiterated a “market perform” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday. Separately, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Monday, January 27th. Finally, analysts at Topeka Capital Markets initiated coverage on shares of LinkedIn Corp. in a research note to investors on Friday, January 17th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $246.47.
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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