LinkedIn Corp SVP Unloads $2,193,500 in Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP Michael Gamson sold 10,000 shares of LinkedIn Corp stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $219.35, for a total value of $2,193,500.00. Following the transaction, the senior vice president now directly owns 33,539 shares in the company, valued at approximately $7,356,780. The sale was disclosed in a filing with the SEC, which can be accessed through 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 analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $234.50.
LinkedIn Corp (NYSE:LNKD) traded up 0.25% during mid-day trading on Thursday, hitting $218.47. The stock had a trading volume of 569,937 shares. LinkedIn Corp has a 52 week low of $136.02 and a 52 week 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 $26.852 billion.
LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, July 31st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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.
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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