LinkedIn Corp SVP Unloads $1,066,750 in Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP James Kevin Scott unloaded 6,250 shares of LinkedIn Corp stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $170.68, for a total value of $1,066,750.00. Following the transaction, the senior vice president now directly owns 60,551 shares in the company, valued at approximately $10,334,845. The sale was disclosed in a filing with the SEC, which is available at this link.
LNKD has been the subject of a number of recent research reports. Analysts at Barclays initiated coverage on shares of LinkedIn Corp in a research note on Thursday, June 26th. They set an “equal weight” rating and a $175.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. LinkedIn Corp has a consensus rating of “Buy” and a consensus target price of $228.13.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.56% during mid-day trading on Wednesday, hitting $159.56. 2,441,049 shares of the company’s stock traded hands. LinkedIn Corp has a 52-week low of $136.02 and a 52-week high of $257.56. The stock has a 50-day moving average of $163.4 and a 200-day moving average of $183.8. The company’s market cap is $19.428 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.
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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