LinkedIn Corp. EPS Estimated Cut at Credit Suisse (LNKD)
Equities research analysts at Credit Suisse reduced their earnings per share estimates on shares of LinkedIn Corp. (NYSE:LNKD) in a research note issued to investors on Friday, ARN reports. The firm currently has an “outperform” rating and a $274.00 target price on the company’s shares. Credit Suisse’s price objective points to a potential upside of 22.62% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna cut their price target on shares of LinkedIn Corp. from $300.00 to $280.00 in a research note to investors on Friday. Separately, analysts at Bank of America Corp. cut their price target on shares of LinkedIn Corp. from $240.00 to $232.00 in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of LinkedIn Corp. from $285.00 to $256.00 in a research note to investors on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $240.97.
In other LinkedIn Corp. news, CEO Jeff Weiner unloaded 37,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $212.21, for a total value of $7,851,770.00. Following the sale, the chief executive officer now directly owns 174,901 shares in the company, valued at approximately $37,115,741. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
LinkedIn Corp. (NYSE:LNKD) traded down 6.20% during mid-day trading on Friday, hitting $209.59. The stock had a trading volume of 11,195,885 shares. LinkedIn Corp. has a one year low of $140.13 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 $227.6. The company has a market cap of $25.026 billion and a price-to-earnings ratio of 1006.53.
LinkedIn Corp. (NYSE:LNKD) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.35 earnings per share. LinkedIn Corp.’s revenue was up 47.3% compared to the same quarter last year. 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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