LinkedIn Corp. (NYSE:LNKD) SVP Patricia L. Wadors sold 1,066 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $190.39, for a total value of $202,955.74. Following the completion of the sale, the senior vice president now directly owns 44,011 shares of the company’s stock, valued at approximately $8,379,254.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
LinkedIn Corp. (NYSE:LNKD) opened at 190.38 on Wednesday. The company has a 50-day moving average price of $192.00 and a 200 day moving average price of $167.73. The stock’s market capitalization is $25.65 billion. LinkedIn Corp. has a 1-year low of $98.25 and a 1-year high of $258.39.
LinkedIn Corp. (NYSE:LNKD) last announced its quarterly earnings data on Thursday, August 4th. The social networking company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.35. The firm 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%. LinkedIn Corp.’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. On average, equities analysts predict that LinkedIn Corp. will post $3.83 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Harris Associates L P bought a new position in shares of LinkedIn Corp. during the second quarter worth approximately $511,098,000. Pentwater Capital Management LP bought a new position in shares of LinkedIn Corp. during the second quarter worth approximately $492,334,000. Carmignac Gestion increased 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 worth $406,927,000 after buying an additional 1,198,639 shares during the last quarter. Farallon Capital Management LLC bought a new position in shares of LinkedIn Corp. during the second quarter worth approximately $174,110,000. Finally, Westchester Capital Management LLC bought a new position in shares of LinkedIn Corp. during the second quarter worth approximately $166,215,000. Institutional investors own 65.40% of the company’s stock.
Several brokerages have recently issued reports on LNKD. Cantor Fitzgerald restated a “hold” rating on shares of LinkedIn Corp. in a research note on Saturday, July 9th. Vetr upgraded LinkedIn Corp. from a “hold” rating to a “buy” rating and set a $201.43 price objective for the company in a research note on Monday, July 18th. Credit Suisse Group AG restated a “hold” rating and issued a $196.00 price objective on shares of LinkedIn Corp. in a research note on Friday, August 5th. Citigroup Inc. raised their price objective on LinkedIn Corp. from $140.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, July 18th. Finally, Jefferies Group restated a “hold” rating and issued a $196.00 price objective on shares of LinkedIn Corp. in a research note on Monday, July 18th. Three research analysts have rated the stock with a sell rating, thirty-four have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $199.29.
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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