LinkedIn Corp. Given New $235.00 Price Target at CRT Capital (LNKD)
Analysts at CRT Capital reduced their target price on shares of LinkedIn Corp. (NYSE:LNKD) from $298.00 to $235.00 in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. CRT Capital’s price target points to a potential upside of 12.12% from the stock’s previous close.
In other LinkedIn Corp. news, CEO Jeff Weiner unloaded 37,000 shares of the 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Canaccord Genuity cut their price target on shares of LinkedIn Corp. from $270.00 to $250.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of LinkedIn Corp. from $300.00 to $285.00 in a research note to investors on Friday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $241.24.
LinkedIn Corp. (NYSE:LNKD) traded down 6.20% during mid-day trading on Friday, hitting $209.59. The stock had a trading volume of 11,203,267 shares. LinkedIn Corp. has a 52-week low of $149.00 and a 52-week high of $257.56. The stock’s 50-day moving average is $215.0 and its 200-day moving average is $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 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. Analysts expect that LinkedIn Corp. will post $2.18 EPS 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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