LNKD has been the topic of a number of other research reports. Citigroup Inc. raised their price target on LinkedIn Corp. from $140.00 to $196.00 and gave the company a neutral rating in a research report on Monday, July 18th. Royal Bank Of Canada raised LinkedIn Corp. from a sector perform rating to an outperform rating and set a $160.00 price objective on the stock in a research note on Wednesday, June 8th. They noted that the move was a valuation call. Piper Jaffray Cos. cut LinkedIn Corp. from an overweight rating to a neutral rating and raised their price objective for the company from $180.00 to $196.00 in a research note on Monday, June 13th. Vetr cut LinkedIn Corp. from a buy rating to a hold rating and set a $141.14 price objective on the stock. in a research note on Tuesday, May 31st. Finally, Stifel Nicolaus cut LinkedIn Corp. from a buy rating to a hold rating in a research note on Tuesday, June 14th. Three analysts have rated the stock with a sell rating, thirty-three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. LinkedIn Corp. currently has an average rating of Hold and an average price target of $199.29.
Shares of LinkedIn Corp. (NYSE:LNKD) opened at 192.20 on Friday. LinkedIn Corp. has a 52-week low of $98.25 and a 52-week high of $258.39. The firm’s market cap is $25.89 billion. The stock’s 50 day moving average price is $192.24 and its 200-day moving average price is $159.61.
LinkedIn Corp. (NYSE:LNKD) last released its quarterly earnings results on Thursday, August 4th. The social networking company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.35. LinkedIn Corp. had a positive return on equity of 0.47% and a negative net margin of 6.23%. The business had revenue of $933 million for the quarter, compared to the consensus estimate of $898.30 million. During the same quarter last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, analysts forecast that LinkedIn Corp. will post $3.84 EPS for the current year.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 6,834 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $190.45, for a total value of $1,301,535.30. Following the transaction, the chief executive officer now directly owns 69,057 shares in the company, valued at approximately $13,151,905.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael John Callahan sold 742 shares of the company’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $190.10, for a total transaction of $141,054.20. Following the completion of the transaction, the vice president now owns 57,948 shares in the company, valued at $11,015,914.80. The disclosure for this sale can be found here. 12.72% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. Barnett & Company Inc. increased its position in shares of LinkedIn Corp. by 65.2% in the second quarter. Barnett & Company Inc. now owns 570 shares of the social networking company’s stock worth $108,000 after buying an additional 225 shares in the last quarter. FineMark National Bank & Trust bought a new position in shares of LinkedIn Corp. during the second quarter worth approximately $118,000. Toronto Dominion Bank increased its position in shares of LinkedIn Corp. by 0.9% in the second quarter. Toronto Dominion Bank now owns 640 shares of the social networking company’s stock worth $121,000 after buying an additional 6 shares in the last quarter. Capital Analysts LLC increased its position in shares of LinkedIn Corp. by 9.7% in the second quarter. Capital Analysts LLC now owns 655 shares of the social networking company’s stock worth $124,000 after buying an additional 58 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its position in shares of LinkedIn Corp. by 5.8% in the second quarter. Checchi Capital Advisers LLC now owns 713 shares of the social networking company’s stock worth $135,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.
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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