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LinkedIn Corp (NYSE:LNKD) CFO Steven J. Sordello sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $215.13, for a total transaction of $1,075,650.00. Following the completion of the transaction, the chief financial officer now directly owns 49,565 shares of the company’s stock, valued at approximately $10,662,918. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

LinkedIn Corp (NYSE:LNKD) traded up 1.50% during mid-day trading on Thursday, hitting $218.36. The stock had a trading volume of 1,552,547 shares. LinkedIn Corp has a one year low of $136.02 and a one year high of $257.56. The stock has a 50-day moving average of $178.1 and a 200-day moving average of $178.4. The company’s market cap is $26.838 billion.

LinkedIn Corp (NYSE:LNKD) last released its earnings data 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. On average, analysts predict that LinkedIn Corp will post $1.87 earnings per share for the current fiscal year.

A number of research firms have recently commented on LNKD. Analysts at Stifel Nicolaus initiated coverage on shares of LinkedIn Corp in a research note on Wednesday. They set a “buy” rating and a $250.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $233.40.

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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