LinkedIn Corp SVP Michael Gamson Sells 10,000 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP Michael Gamson sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $164.69, for a total transaction of $1,646,900.00. Following the transaction, the senior vice president now directly owns 33,539 shares in the company, valued at approximately $5,523,538. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on LNKD shares. 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $229.97.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 2.28% during mid-day trading on Wednesday, hitting $169.25. 2,172,187 shares of the company’s stock traded hands. LinkedIn Corp has a 1-year low of $136.02 and a 1-year high of $257.56. The stock’s 50-day moving average is $155.0 and its 200-day moving average is $190.2. The company’s market cap is $20.608 billion.
LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, May 1st. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 45.7% on a year-over-year basis. Analysts expect that LinkedIn Corp will post $1.65 EPS for the current fiscal year.
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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