LinkedIn Corp. (NYSE:LNKD) SVP Patricia L. Wadors sold 1,066 shares of the business’s stock in a transaction on Wednesday, October 12th. The shares were 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 in the company, valued at approximately $8,379,254.29. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of LinkedIn Corp. (NYSE:LNKD) opened at 190.45 on Tuesday. LinkedIn Corp. has a one year low of $98.25 and a one year high of $258.39. The firm’s market cap is $25.66 billion. The firm has a 50 day moving average price of $192.05 and a 200-day moving average price of $167.19.

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, topping the consensus estimate of $0.78 by $0.35. The firm had revenue of $933 million for the quarter, compared to analysts’ expectations of $898.30 million. LinkedIn Corp. had a negative net margin of 6.23% and a positive return on equity of 0.47%. The business’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Analysts forecast that LinkedIn Corp. will post $3.83 earnings per share for the current year.

Insider Buying and Selling by Quarter for LinkedIn Corp. (NYSE:LNKD)

LNKD has been the topic of several recent analyst reports. Vetr raised LinkedIn Corp. from a “hold” rating to a “buy” rating and set a $201.43 price target on the stock in a research note on Monday, July 4th. Jefferies Group reaffirmed a “hold” rating and issued a $196.00 price target on shares of LinkedIn Corp. in a research note on Monday, July 18th. Credit Agricole SA reaffirmed a “buy” rating on shares of LinkedIn Corp. in a research note on Friday, September 23rd. Zacks Investment Research raised LinkedIn Corp. from a “hold” rating to a “strong-buy” rating and set a $221.00 price target on the stock in a research note on Wednesday, August 10th. Finally, Evercore ISI initiated coverage on LinkedIn Corp. in a research report on Monday, July 25th. They issued a “hold” rating and a $196.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, thirty-four have given a hold rating and nine have given a buy rating to the company. LinkedIn Corp. presently has a consensus rating of “Hold” and a consensus target price of $199.29.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNKD. A.R.T. Advisors LLC boosted its position in LinkedIn Corp. by 1,544.7% in the first quarter. A.R.T. Advisors LLC now owns 169,080 shares of the social networking company’s stock valued at $19,334,000 after buying an additional 158,800 shares during the last quarter. Legal & General Group Plc boosted its position in LinkedIn Corp. by 9.5% in the first quarter. Legal & General Group Plc now owns 456,807 shares of the social networking company’s stock valued at $52,236,000 after buying an additional 39,516 shares during the last quarter. National Pension Service boosted its position in LinkedIn Corp. by 3.9% in the first quarter. National Pension Service now owns 72,467 shares of the social networking company’s stock valued at $8,287,000 after buying an additional 2,689 shares during the last quarter. AMP Capital Investors Ltd boosted its position in LinkedIn Corp. by 94.0% in the first quarter. AMP Capital Investors Ltd now owns 60,022 shares of the social networking company’s stock valued at $6,831,000 after buying an additional 29,077 shares during the last quarter. Finally, Reynolds Capital Management LLC boosted its position 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 valued at $217,000 after buying an additional 600 shares during the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:LNKD

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