LinkedIn Corp SVP Dipchand Nishar Unloads 1,688 Shares (LNKD)
LinkedIn Corp (NYSE:LNKD) SVP Dipchand Nishar sold 1,688 shares of LinkedIn Corp stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $226.43, for a total transaction of $382,213.84. Following the completion of the sale, the senior vice president now directly owns 78,660 shares in the company, valued at approximately $17,810,984. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $236.07.
LinkedIn Corp (NYSE:LNKD) traded up 0.02% on Wednesday, hitting $225.05. The stock had a trading volume of 1,593,178 shares. LinkedIn Corp has a 1-year low of $136.02 and a 1-year high of $257.56. The stock’s 50-day moving average is $199.0 and its 200-day moving average is $179.4. The company’s market cap is $27.661 billion.
LinkedIn Corp (NYSE:LNKD) last issued its quarterly 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. 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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