LinkedIn Corp Upgraded to “Outperform” by RBC Capital (LNKD)
LinkedIn Corp (NYSE:LNKD) was upgraded by research analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $250.00 price objective on the stock, up from their previous price objective of $225.00. RBC Capital’s price target points to a potential upside of 19.14% from the company’s current price. The analysts noted that the move was a valuation call.
In other LinkedIn Corp news, VP Erika Rottenberg sold 2,694 shares of LinkedIn Corp stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $193.04, for a total value of $520,049.76. Following the sale, the vice president now directly owns 23,896 shares of the company’s stock, valued at approximately $4,612,884. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of other firms have also recently commented on LNKD. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp in a research note on Wednesday, February 19th. 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 analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $245.34.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 1.41% on Wednesday, hitting $212.80. The stock had a trading volume of 4,221,923 shares. LinkedIn Corp has a 1-year low of $160.20 and a 1-year high of $257.56. The stock has a 50-day moving average of $209.3 and a 200-day moving average of $226.3. The company has a market cap of $25.649 billion and a price-to-earnings ratio of 940.99.
LinkedIn Corp (NYSE:LNKD) last posted its quarterly 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 $1.58 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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