LinkedIn Corp. PT Lowered to $250.00 (LNKD)
Investment analysts at FBN Securities lowered their price target on shares of LinkedIn Corp. (NYSE:LNKD) from $275.00 to $250.00 in a note issued to investors on Friday, American Banking & Market News reports. FBN Securities’ target price suggests a potential upside of 19.28% from the stock’s previous close.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of LinkedIn Corp. stock in a transaction that occurred on 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 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 is available at this link.
LinkedIn Corp. (NYSE:LNKD) traded down 6.20% during mid-day trading on Friday, hitting $209.59. 11,197,082 shares of the company’s stock traded hands. LinkedIn Corp. has a 52-week low of $140.13 and a 52-week high of $257.56. The stock has a 50-day moving average of $215.3 and a 200-day moving average of $227.6. The company has a market cap of $25.026 billion and a P/E ratio of 1006.53.
LinkedIn Corp. (NYSE:LNKD) last released its earnings data 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.
A number of other analysts have also recently weighed in on LNKD. Analysts at Credit Suisse cut their EPS estimates on shares of LinkedIn Corp. in a research note on Friday. They now have an “outperform” rating and a $274.00 price target on the stock. Separately, analysts at Susquehanna cut their price target on shares of LinkedIn Corp. from $300.00 to $280.00 in a research note to investors on Friday. Finally, analysts at Bank of America Corp. cut their price target on shares of LinkedIn Corp. from $240.00 to $232.00 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 currently has a consensus rating of “Hold” and an average target price 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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