LinkedIn Corp. PT Lowered to $225.00 (LNKD)
Analysts at RBC Capital decreased their price target on shares of LinkedIn Corp. (NYSE:LNKD) from $240.00 to $225.00 in a research report issued to clients and investors on Friday, ARN reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 7.35% from the company’s current price.
A number of other firms have also recently commented on LNKD. 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. Separately, 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. Finally, 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. 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 stock. The stock has a consensus rating of “Hold” and an average target price of $241.24.
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 transaction, 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 filing with the SEC, which is available at this link.
Shares of 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 one year low of $149.00 and a one year 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 announced its earnings results on Thursday, February 6th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue 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.
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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