Share on StockTwits

LinkedIn Corp (NYSE:LNKD) CFO Steven J. Sordello sold 3,014 shares of LinkedIn Corp stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $216.37, for a total transaction of $652,139.18. Following the sale, the chief financial officer now directly owns 43,884 shares of the company’s stock, valued at approximately $9,495,181. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $234.50.

Shares of LinkedIn Corp (NYSE:LNKD) traded down 0.89% during mid-day trading on Tuesday, hitting $216.71. The stock had a trading volume of 2,045,926 shares. 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 $183.8 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 (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. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.