LinkedIn Corp. (LNKD) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
LinkedIn Corp. (NYSE:LNKD) issued its quarterly earnings data on Thursday. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.01, AmericanBankingNews.com reports. The company had revenue of $447.20 million for the quarter, compared to the consensus estimate of $438.28 million.
In other LinkedIn Corp. news, CEO Jeff Weiner unloaded 37,000 shares of LinkedIn Corp. stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $212.21, for a total transaction of $7,851,770.00. Following the completion of the sale, the chief executive officer now directly owns 174,901 shares of the company’s stock, valued at approximately $37,115,741. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Thursday. On a related note, analysts at Cowen and Company reiterated a “market perform” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $246.47.
Shares of LinkedIn Corp. (NYSE:LNKD) traded up 4.24% on Thursday, hitting $223.45. 5,092,732 shares of the company’s stock traded hands. LinkedIn Corp. has a 52-week low of $122.08 and a 52-week high of $257.56. The stock has a 50-day moving average of $215.0 and a 200-day moving average of $227.7. The company has a market cap of $26.681 billion and a P/E ratio of 965.59.
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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