LinkedIn Corp CAO Sells $361,520 in Stock (LNKD)
LinkedIn Corp (NYSE:LNKD) CAO Susan J.S. Taylor sold 1,672 shares of LinkedIn Corp stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $216.22, for a total value of $361,519.84. Following the completion of the sale, the chief accounting officer now directly owns 10,158 shares in the company, valued at approximately $2,196,363. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 stock. LinkedIn Corp has an average rating of “Buy” and an average target price of $234.50.
LinkedIn Corp (NYSE:LNKD) traded up 0.34% on Friday, hitting $219.9499. The stock had a trading volume of 533,882 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 $186.4 and a 200-day moving average of $179.0. The company’s market cap is $27.034 billion.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results 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. 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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