LinkedIn Corp Director Unloads $1,357,563 in Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) Director David L. Sze unloaded 6,250 shares of LinkedIn Corp stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $217.21, for a total transaction of $1,357,562.50. Following the completion of the transaction, the director now directly owns 66,938 shares of the company’s stock, valued at approximately $14,539,603. 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 down 0.55% during mid-day trading on Monday, hitting $218.66. 2,284,165 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 has a 50-day moving average of $182.5 and a 200-day moving average of $178.4. The company’s market cap is $26.875 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. 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, August 13th. 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 issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target 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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