LinkedIn Corp. PT Lowered to $270.00 (LNKD)
Analysts at Piper Jaffray lowered their price objective on shares of LinkedIn Corp. (NYSE:LNKD) from $285.00 to $270.00 in a research report issued to clients and investors on Friday, Analyst Ratings News reports. Piper Jaffray’s price target suggests a potential upside of 28.82% from the company’s current price.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of LinkedIn Corp. stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $212.21, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on LNKD. 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. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $241.24.
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 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 P/E ratio of 1006.53.
LinkedIn Corp. (NYSE:LNKD) last posted its quarterly earnings results 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. On average, analysts predict that LinkedIn Corp. will post $2.18 earnings per share 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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