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LinkedIn Corp. (NYSE:LNKD) was upgraded by investment analysts at SunTrust from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, reports. The firm currently has a $260.00 price target on the stock, up from their previous price target of $250.00. SunTrust’s target price would suggest a potential upside of 24.05% from the company’s current price.

In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 in the company, valued at approximately $37,115,741. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of other analysts have also recently weighed in on LNKD. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Thursday. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the company’s stock. LinkedIn Corp. 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 52-week low of $149.00 and a 52-week high of $257.56. The stock’s 50-day moving average is $215.0 and its 200-day moving average is $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 issued its quarterly earnings data 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 $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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