LinkedIn Corp. Price Target Lowered to $225.00 at UBS AG (LNKD)
Analysts at UBS AG decreased their price objective on shares of LinkedIn Corp. (NYSE:LNKD) from $250.00 to $225.00 in a research report issued to clients and investors on Friday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target would suggest a potential upside of 7.35% from the stock’s previous close.
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 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 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 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. Analysts expect that LinkedIn Corp. will post $2.18 EPS for the current fiscal year.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of LinkedIn Corp. stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $212.21, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of other firms have also recently commented on LNKD. Analysts at RBC Capital cut their price target on shares of LinkedIn Corp. from $240.00 to $225.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at Piper Jaffray cut their price target on shares of LinkedIn Corp. from $285.00 to $270.00 in a research note to investors on Friday. Finally, analysts at Macquarie cut their price target on shares of LinkedIn Corp. from $280.00 to $270.00 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 issued a buy rating to the stock. The company currently has a consensus 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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