LinkedIn Corp Stock Rating Reaffirmed by SunTrust (LNKD)
LinkedIn Corp (NYSE:LNKD)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust in a research note issued to investors on Friday. They currently have a $225.00 price target on the stock, down from their previous price target of $240.00. SunTrust’s price objective suggests a potential upside of 24.56% from the stock’s previous close.
In other LinkedIn Corp news, Director Reid Hoffman sold 72,919 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $185.00, for a total transaction of $13,490,015.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 10.74% on Friday, hitting $200.036. 3,418,785 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’s 50-day moving average is $167. and its 200-day moving average is $179.2. The company’s market cap is $24.356 billion.
LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, July 31st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.12. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $511.03 million. During the same quarter last year, the company posted $0.38 earnings per share. LinkedIn Corp’s revenue was up 46.8% compared to the same quarter last year. Analysts expect that LinkedIn Corp will post $1.64 EPS for the current fiscal year.
A number of other firms have also recently commented on LNKD. Analysts at Jefferies Group raised their price target on shares of LinkedIn Corp to $300.00 in a research note on Friday. Separately, analysts at Telsey Advisory Group raised their price target on shares of LinkedIn Corp from $205.00 to $245.00 in a research note on Friday. They now have a “not rated” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of LinkedIn Corp from $200.00 to $220.00 in a research note on Friday. They now have a “positive” rating on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. LinkedIn Corp presently has a consensus rating of “Hold” and an average price target of $229.03.
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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