Insider Selling: LinkedIn Corp. (LNKD) SVP Sells 1,066 Shares of Stock
LinkedIn Corp. (NYSE:LNKD) SVP Patricia L. Wadors sold 1,066 shares of the firm’s stock in a transaction on Wednesday, October 12th. The stock was sold at an average price of $190.39, for a total transaction of $202,955.74. Following the sale, the senior vice president now owns 44,011 shares in the company, valued at $8,379,254.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
LinkedIn Corp. (NYSE:LNKD) opened at 190.56 on Friday. The company’s market cap is $25.67 billion. LinkedIn Corp. has a 52-week low of $98.25 and a 52-week high of $258.39. The company’s 50-day moving average is $192.15 and its 200 day moving average is $165.29.
LinkedIn Corp. (NYSE:LNKD) last announced its quarterly earnings data on Thursday, August 4th. The social networking company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.78 by $0.35. The business earned $933 million during the quarter, compared to analyst estimates of $898.30 million. LinkedIn Corp. had a positive return on equity of 0.47% and a negative net margin of 6.23%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. Equities analysts forecast that LinkedIn Corp. will post $3.83 earnings per share for the current fiscal year.
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A number of brokerages recently commented on LNKD. Citigroup Inc. raised their price objective on shares of LinkedIn Corp. from $140.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, July 18th. Vetr upgraded shares of LinkedIn Corp. from a “hold” rating to a “buy” rating and set a $201.43 price objective on the stock in a report on Monday, July 18th. Pacific Crest restated a “sector perform” rating on shares of LinkedIn Corp. in a report on Sunday, June 26th. MKM Partners set a $196.00 price objective on shares of LinkedIn Corp. and gave the stock a “hold” rating in a report on Friday, August 5th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $196.00 target price on shares of LinkedIn Corp. in a research report on Tuesday, September 6th. Three investment analysts have rated the stock with a sell rating, thirty-four have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $199.29.
A number of institutional investors have recently made changes to their positions in LNKD. Vanguard Group Inc. raised its position in shares of LinkedIn Corp. by 4.4% in the second quarter. Vanguard Group Inc. now owns 5,380,235 shares of the social networking company’s stock valued at $1,018,210,000 after buying an additional 227,311 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of LinkedIn Corp. by 4.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,818,342 shares of the social networking company’s stock valued at $533,371,000 after buying an additional 132,413 shares in the last quarter. Harris Associates L P purchased a new position in shares of LinkedIn Corp. during the second quarter valued at approximately $511,098,000. Pentwater Capital Management LP purchased a new position in shares of LinkedIn Corp. during the second quarter valued at approximately $492,334,000. Finally, Carmignac Gestion raised its position in shares of LinkedIn Corp. by 126.0% in the second quarter. Carmignac Gestion now owns 2,150,209 shares of the social networking company’s stock valued at $406,927,000 after buying an additional 1,198,639 shares in the last quarter. 65.51% of the stock is owned by institutional investors and hedge funds.
About LinkedIn Corp.
LinkedIn Corporation (LinkedIn) is a professional network on the Internet with approximately 400 million members in over 200 countries and territories. The Company provides the majority of its products at no cost to its members. It offers approximately three product lines: Talent Solutions, which includes Hiring, and Learning and Development; Marketing Solutions and Premium Subscriptions.
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