LinkedIn Corp CEO Sells $8,313,677 in Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner unloaded 43,918 shares of the stock on the open market in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $189.30, for a total value of $8,313,677.40. Following the completion of the transaction, the chief executive officer now directly owns 167,983 shares in the company, valued at approximately $31,799,182. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded down 1.49% during mid-day trading on Thursday, hitting $193.39. 2,886,968 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 has a 50-day moving average of $210.2 and a 200-day moving average of $227.4. The company has a market cap of $23.177 billion and a price-to-earnings ratio of 853.57.
LinkedIn Corp (NYSE:LNKD) last released its 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. On average, analysts predict that LinkedIn Corp will post $1.58 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp in a research note on Wednesday. Separately, 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. Finally, 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. 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 stock has a consensus rating of “Hold” and a consensus target price of $244.56.
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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