LinkedIn Corp. Price Target Cut to $250.00 by Analysts at Canaccord Genuity (LNKD)
Investment analysts at Canaccord Genuity lowered their price objective on shares of LinkedIn Corp. (NYSE:LNKD) from $270.00 to $250.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 19.28% from the company’s current price.
In other LinkedIn Corp. news, CEO Jeff Weiner unloaded 37,000 shares of LinkedIn Corp. stock on the open market in a transaction dated Tuesday, February 4th. The stock was 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 in the company, valued at approximately $37,115,741. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
LinkedIn Corp. (NYSE:LNKD) traded down 6.20% 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’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 P/E 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 (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 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.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at SunTrust upgraded shares of LinkedIn Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $260.00 price target on the stock, up previously from $250.00. Finally, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $241.24.
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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