LinkedIn Corp.’s “Overweight” Rating Reaffirmed at Morgan Stanley (LNKD)
LinkedIn Corp. (NYSE:LNKD)‘s stock had its “overweight” rating reiterated by analysts at Morgan Stanley in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. They currently have a $250.00 price objective on the stock, down from their previous price objective of $260.00. Morgan Stanley’s price target suggests a potential upside of 11.88% from the company’s current price.
The analysts wrote, “LinkedIn beat CQ4:13 Consensus revenue / EBITDA / EPS by 2% / 4% / 3% but top-line upside was offset by headcount and capital investments. Revenue guidance was conservative and margins could be flattish in 2014E, but a marketing turnaround / sales product rollout could yield upside to numbers.”
A number of other analysts have also recently weighed in on LNKD. Analysts at UBS AG cut their price target on shares of LinkedIn Corp. from $250.00 to $225.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $239.21.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of the stock on the open market 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 completion of 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 document filed with the SEC, which can be accessed through this link.
LinkedIn Corp. (NYSE:LNKD) opened at 223.45 on Friday. 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 $26.681 billion and a P/E ratio of 965.59.
LinkedIn Corp. (NYSE:LNKD) last announced its 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. Analysts expect that LinkedIn Corp. will post $1.61 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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