Insider Selling: Steven J. Sordello Sells 5,000 Shares of LinkedIn Corp Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) CFO Steven J. Sordello sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $197.86, for a total value of $989,300.00. Following the completion of the sale, the chief financial officer now directly owns 39,030 shares of the company’s stock, valued at approximately $7,722,476. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on LNKD. Analysts at FBN Securities cut their price target on shares of LinkedIn Corp from $275.00 to $250.00 in a research note on Friday, February 7th. Separately, 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. Finally, analysts at Susquehanna cut their price target on shares of LinkedIn Corp from $300.00 to $280.00 in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $244.56.
Shares of LinkedIn Corp (NYSE:LNKD) traded down 0.35% on Thursday, hitting $191.67. 4,340,338 shares of the company’s stock traded hands. LinkedIn Corp has a 52-week low of $155.00 and a 52-week high of $257.56. The stock’s 50-day moving average is $213.3 and its 200-day moving average is $227.9. The company has a market cap of $22.971 billion and a P/E ratio of 836.26.
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 $1.59 EPS for the current fiscal year.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with more than 200 million members in over 200 countries and territories.
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