JPMorgan Chase & Co. Lowers LinkedIn Corp. Price Target to $250.00 (LNKD)
Stock analysts at JPMorgan Chase & Co. reduced their target price on shares of LinkedIn Corp. (NYSE:LNKD) from $275.00 to $250.00 in a report issued on Friday, Analyst Ratings Network.com reports. JPMorgan Chase & Co.’s target price points to a potential upside of 19.28% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners cut their price target on shares of LinkedIn Corp. from $260.00 to $240.00 in a research note to investors on Friday. Separately, analysts at CRT Capital cut their price target on shares of LinkedIn Corp. from $298.00 to $235.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald cut their price target on shares of LinkedIn Corp. from $260.00 to $240.00 in a research note to investors on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $241.24.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of the company’s stock on the open market 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 transaction, the chief executive officer now directly owns 174,901 shares in the company, valued at approximately $37,115,741. The transaction was disclosed in a document filed with the SEC, which is available at this link.
LinkedIn Corp. (NYSE:LNKD) traded down 6.20% during mid-day trading on Friday, hitting $209.59. 11,203,267 shares of the company’s stock traded hands. LinkedIn Corp. has a 52 week low of $149.00 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 $25.026 billion and a price-to-earnings ratio of 1006.53.
LinkedIn Corp. (NYSE:LNKD) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $447.20 million for the quarter, compared to the consensus estimate of $437.92 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 47.3% on a year-over-year basis. On average, analysts predict that LinkedIn Corp. will post $2.18 earnings per share for the current fiscal year.
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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