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Equities researchers at Macquarie dropped their price target on shares of LinkedIn Corp. (NYSE:LNKD) from $280.00 to $270.00 in a research report issued on Friday, AnalystRatings.NET reports. Macquarie’s target price would indicate a potential upside of 28.82% from the stock’s previous close.

Shares of 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’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 released its 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.

A number of other analysts have also recently weighed in on LNKD. Analysts at JPMorgan Chase & Co. cut their price target on shares of LinkedIn Corp. from $275.00 to $250.00 in a research note to investors on Friday. Separately, 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. Finally, 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. 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 stock. The company 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 in a transaction dated 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 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.

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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