LinkedIn Corp CAO Susan J.S. Taylor Sells 629 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) CAO Susan J.S. Taylor sold 629 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $216.37, for a total transaction of $136,096.73. Following the completion of the sale, the chief accounting officer now directly owns 10,158 shares of the company’s stock, valued at approximately $2,197,886. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.56% on Wednesday, hitting $217.92. 1,102,363 shares of the company’s stock traded hands. LinkedIn Corp has a 1-year low of $136.02 and a 1-year high of $257.56. The stock has a 50-day moving average of $185.1 and a 200-day moving average of $178.7. The company’s market cap is $26.784 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.
A number of research firms have recently commented on LNKD. 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 equities research 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. LinkedIn Corp presently 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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