LinkedIn Corp Director Stanley J. Meresman Sells 1,561 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) Director Stanley J. Meresman unloaded 1,561 shares of LinkedIn Corp stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $217.30, for a total value of $339,205.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LNKD shares. 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $233.40.
LinkedIn Corp (NYSE:LNKD) traded up 0.69% on Friday, hitting $219.86. The stock had a trading volume of 2,439,163 shares. 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 $179. and its 200-day moving average is $178.7. The company’s market cap is $27.023 billion.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results 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. On average, analysts predict that LinkedIn Corp will post $1.87 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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