LinkedIn Corp Director Reid Hoffman Unloads 67,369 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) Director Reid Hoffman sold 67,369 shares of LinkedIn Corp stock in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of $170.11, for a total value of $11,460,140.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
LinkedIn Corp (NYSE:LNKD) traded down 1.34% during mid-day trading on Thursday, hitting $166.99. 1,283,739 shares of the company’s stock traded hands. 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 $155.9 and a 200-day moving average of $189.9. The company’s market cap is $20.333 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. Analysts expect that LinkedIn Corp will post $1.65 EPS for the current fiscal year.
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 equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus 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.