Insider Selling: Stanley J. Meresman Unloads 1,561 Shares of LinkedIn Corp Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) Director Stanley J. Meresman sold 1,561 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $206.40, for a total transaction of $322,190.40. 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 Piper Jaffray raised their price target on shares of LinkedIn Corp from $270.00 to $282.00 in a research note on Friday, August 1st. 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, August 1st. 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, August 1st. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. LinkedIn Corp presently has an average rating of “Buy” and a consensus target price of $230.90.
LinkedIn Corp (NYSE:LNKD) traded up 0.66% on Friday, hitting $208.12. The stock had a trading volume of 1,651,458 shares. 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 $172.9 and a 200-day moving average of $178.6. The company’s market cap is $25.580 billion.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 46.8% on a year-over-year basis. Analysts expect that LinkedIn Corp will post $1.87 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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