LinkedIn Corp. PT Lowered to $285.00 (LNKD)
Analysts at Stifel Nicolaus lowered their price target on shares of LinkedIn Corp. (NYSE:LNKD) from $300.00 to $285.00 in a research report issued to clients and investors on Friday, AnalystRatings.Net reports. Stifel Nicolaus’ price target suggests a potential upside of 35.98% 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 sale, the chief executive officer now directly owns 174,901 shares of the company’s stock, valued at approximately $37,115,741. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at SunTrust upgraded shares of LinkedIn Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $260.00 price target on the stock, up previously from $250.00. Separately, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Thursday. Finally, analysts at Cowen and Company reiterated a “market perform” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $241.24.
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 1-year low of $149.00 and a 1-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 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. 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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