According to Zacks, “LinkedIn, along with its subsidiaries, offers an online platform for professionals to enhance their network in the virtual world. Of late, estimates for this professional networking behemoth have remained stable. We believe that LinkedIn’s initiatives to bolster advertising revenues through product launches and partnership programs have been commendable. We also expect advertisers to take note of the company’s growing user base. Additionally, by selling itself to Microsoft, LinkedIn has unlocked value for its shareholders and is likely to grow faster than its competitors with the help of Microsoft’s cloud capabilities. On the flip side, continued investments to provide new and improved products and services might hurt LinkedIn’s profits in the short term. However, over the long term, these investments will drive member growth and user engagement.”
Several other research firms have also commented on LNKD. Mizuho reaffirmed a neutral rating and set a $196.00 target price (up from $145.00) on shares of LinkedIn Corp. in a report on Monday, June 13th. Jefferies Group downgraded LinkedIn Corp. from a buy rating to a hold rating and increased their price target for the stock from $180.00 to $196.00 in a research report on Tuesday, June 14th. Vetr upgraded LinkedIn Corp. from a hold rating to a buy rating and set a $201.43 price target on the stock in a research report on Monday, July 4th. Evercore ISI began coverage on LinkedIn Corp. in a research report on Monday, July 25th. They set a hold rating and a $196.00 price target on the stock. Finally, Credit Agricole SA reiterated a buy rating on shares of LinkedIn Corp. in a research report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, thirty-four have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $199.29.
LinkedIn Corp. (NYSE:LNKD) traded down 0.32% during trading on Wednesday, hitting $191.60. The stock had a trading volume of 603,472 shares. The company’s market cap is $25.81 billion. LinkedIn Corp. has a 12 month low of $98.25 and a 12 month high of $258.39. The company’s 50 day moving average is $192.28 and its 200-day moving average is $162.68.
LinkedIn Corp. (NYSE:LNKD) last posted its earnings results on Thursday, August 4th. The social networking company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.78 by $0.35. The firm had revenue of $933 million for 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%. LinkedIn Corp.’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. On average, equities research analysts predict that LinkedIn Corp. will post $3.84 earnings per share for the current year.
In related news, SVP Patricia L. Wadors sold 1,065 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $190.26, for a total value of $202,626.90. Following the sale, the senior vice president now owns 48,200 shares in the company, valued at approximately $9,170,532. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael John Callahan sold 564 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $192.65, for a total value of $108,654.60. Following the completion of the sale, the senior vice president now owns 55,108 shares in the company, valued at approximately $10,616,556.20. The disclosure for this sale can be found here. Company insiders own 12.72% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Reynolds Capital Management LLC boosted its stake in LinkedIn Corp. by 46.2% in the first quarter. Reynolds Capital Management LLC now owns 1,900 shares of the social networking company’s stock worth $217,000 after buying an additional 600 shares in the last quarter. Sand Hill Global Advisors LLC boosted its stake in LinkedIn Corp. by 75.1% in the first quarter. Sand Hill Global Advisors LLC now owns 30,038 shares of the social networking company’s stock worth $3,435,000 after buying an additional 12,882 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in LinkedIn Corp. by 57.4% in the first quarter. Pictet Asset Management Ltd. now owns 300,560 shares of the social networking company’s stock worth $35,223,000 after buying an additional 109,656 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in LinkedIn Corp. during the first quarter worth $4,149,000. Finally, Canada Pension Plan Investment Board boosted its stake in LinkedIn Corp. by 5,690.8% in the first quarter. Canada Pension Plan Investment Board now owns 70,590 shares of the social networking company’s stock worth $8,072,000 after buying an additional 69,371 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.
LinkedIn Corp. Company Profile
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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