LinkedIn Corp Director Stanley J. Meresman Sells 1,561 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) Director Stanley J. Meresman sold 1,561 shares of LinkedIn Corp stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $217.30, for a total transaction of $339,205.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.69% during mid-day trading on Friday, hitting $219.86. The stock had a trading volume of 2,439,173 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 $181.0 and a 200-day moving average of $178.8. The company’s market cap is $27.023 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 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 $1.87 earnings per share for the current fiscal year.
LNKD has been the subject of a number of recent research reports. 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, eight have assigned a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $234.50.
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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