LinkedIn Corp SVP James Kevin Scott Sells 2,187 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP James Kevin Scott sold 2,187 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $217.27, for a total transaction of $475,169.49. Following the transaction, the senior vice president now directly owns 58,364 shares in the company, valued at approximately $12,680,746. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
LinkedIn Corp (NYSE:LNKD) traded up 0.39% on Friday, hitting $220.06. 553,760 shares of the company’s stock traded hands. 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 $186.4 and its 200-day moving average is $179.0. The company’s market cap is $27.047 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. Analysts expect that LinkedIn Corp will post $1.87 EPS for the current fiscal year.
A number of analysts have recently weighed in on LNKD shares. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. The company 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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