Insider Selling: LinkedIn Corp Director Sells 6,250 Shares of Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) Director David L. Sze unloaded 6,250 shares of LinkedIn Corp stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $155.20, for a total transaction of $970,000.00. Following the transaction, the director now directly owns 98,188 shares in the company, valued at approximately $15,238,778. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.24% during mid-day trading on Tuesday, hitting $155.81. The stock had a trading volume of 1,355,659 shares. LinkedIn Corp has a one year low of $136.02 and a one year high of $257.56. The stock has a 50-day moving average of $157.1 and a 200-day moving average of $194.9. The company’s market cap is $18.971 billion.
LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, May 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $473.20 million for the quarter, compared to the consensus estimate of $466.70 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 45.7% on a year-over-year basis. On average, analysts predict that LinkedIn Corp will post $1.65 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Evercore Partners reiterated an “overweight” rating on shares of LinkedIn Corp in a research note on Tuesday. They now have a $220.00 price target on the stock, down previously from $240.00. Separately, analysts at Stifel Nicolaus cut their price target on shares of LinkedIn Corp from $240.00 to $175.00 in a research note on Monday, May 12th. Finally, analysts at Ned Davis Research upgraded shares of LinkedIn Corp from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $229.97.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with approximately 277 million members in over 200 countries and territories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.