LinkedIn Corp CEO Sells $17,268,316 in Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner unloaded 87,875 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $196.51, for a total transaction of $17,268,316.25. Following the transaction, the chief executive officer now directly owns 209,641 shares of the company’s stock, valued at approximately $41,196,553. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on LNKD shares. Analysts at Piper Jaffray raised their price target on shares of LinkedIn Corp from $270.00 to $282.00 in a research note on Friday. Separately, analysts at Wedbush raised their price target on shares of LinkedIn Corp from $170.00 to $200.00 in a research note on Friday. Finally, analysts at FBR Capital Markets raised their price target on shares of LinkedIn Corp from $141.00 to $156.00 in a research note on Friday. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. LinkedIn Corp presently has an average rating of “Buy” and a consensus price target of $230.90.
LinkedIn Corp (NYSE:LNKD) traded up 0.36% during mid-day trading on Monday, hitting $202.50. 3,055,047 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 $168.7 and a 200-day moving average of $179.1. The company’s market cap is $24.889 billion.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results 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. On average, analysts predict that LinkedIn Corp will post $1.84 earnings per share 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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