Insider Selling: LinkedIn Corp SVP Sells $1,157,211 in Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP James Kevin Scott sold 5,608 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $206.35, for a total transaction of $1,157,210.80. Following the transaction, the senior vice president now directly owns 60,551 shares of the company’s stock, valued at approximately $12,494,699. The sale 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, 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. LinkedIn Corp presently has an average rating of “Buy” and an average price target of $230.90.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.66% on Friday, hitting $208.12. 1,652,100 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’s 50-day moving average is $174.1 and its 200-day moving average is $178.8. The company’s market cap is $25.580 billion.
LinkedIn Corp (NYSE:LNKD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue 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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