Insider Selling: LinkedIn Corp Director Sells 6,250 Shares of Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) Director David L. Sze unloaded 6,250 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $217.21, for a total value of $1,357,562.50. Following the completion of the sale, the director now directly owns 66,938 shares in the company, valued at approximately $14,539,603. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 investment 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 has a consensus rating of “Buy” and an average target price of $234.50.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.76% during mid-day trading on Wednesday, hitting $218.36. 615,657 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 $183.8 and its 200-day moving average is $178.4. The company’s market cap is $26.838 billion.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results 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. 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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