LinkedIn Corp CEO Jeff Weiner Sells 50,875 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) CEO Jeff Weiner unloaded 50,875 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $226.89, for a total value of $11,543,028.75. Following the completion of the transaction, the chief executive officer now directly owns 201,025 shares in the company, valued at approximately $45,610,562. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on LNKD. Analysts at First Analysis initiated coverage on shares of LinkedIn Corp in a research note on Tuesday, August 26th. They set an “overweight” rating and a $280.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $236.07.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 0.02% on Wednesday, hitting $225.05. 1,593,178 shares of the company’s stock traded hands. 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 $199.0 and a 200-day moving average of $179.4. The company’s market cap is $27.661 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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