LinkedIn Corp SVP James Kevin Scott Sells 6,250 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP James Kevin Scott sold 6,250 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $157.27, for a total transaction of $982,937.50. Following the completion of the sale, the senior vice president now directly owns 60,551 shares of the company’s stock, valued at approximately $9,522,856. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 4.66% on Tuesday, hitting $163.68. The stock had a trading volume of 2,682,839 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 $155.4 and a 200-day moving average of $192.4. The company’s market cap is $19.930 billion.
LinkedIn Corp (NYSE:LNKD) last issued its quarterly 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.
A number of research firms have recently commented on LNKD. Analysts at Evercore Partners reiterated an “overweight” rating on shares of LinkedIn Corp in a research note on Tuesday, June 3rd. 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 research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The company 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.
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