Insider Selling: Jeff Weiner Sells 31,741 Shares of LinkedIn Corp Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner sold 31,741 shares of LinkedIn Corp stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $218.53, for a total value of $6,936,360.73. Following the transaction, the chief executive officer now directly owns 201,025 shares in the company, valued at approximately $43,929,993. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 assigned a buy rating to the stock. LinkedIn Corp presently has a consensus rating of “Buy” and an average target price of $234.50.
Shares of LinkedIn Corp (NYSE:LNKD) traded down 0.89% on Tuesday, hitting $216.71. 2,044,761 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 $182.5 and its 200-day moving average is $178.4. The company’s market cap is $26.636 billion.
LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, July 31st. The company reported $0.51 earnings per share 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. 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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