LinkedIn Corp CEO Unloads 31,741 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner sold 31,741 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $218.53, for a total transaction of $6,936,360.73. Following the completion of the sale, the chief executive officer now directly owns 201,025 shares of the company’s stock, valued at approximately $43,929,993. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.25% on Thursday, hitting $218.47. The stock had a trading volume of 570,064 shares. LinkedIn Corp has a one year low of $136.02 and a one year high of $257.56. The stock’s 50-day moving average is $185.1 and its 200-day moving average is $178.7. The company’s market cap is $26.852 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 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. Analysts expect that LinkedIn Corp will post $1.87 EPS 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 issued a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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