LinkedIn Corp. (LNKD) CEO Jeff Weiner Sells 6,886 Shares of Stock
LinkedIn Corp. (NYSE:LNKD) CEO Jeff Weiner sold 6,886 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $193.35, for a total value of $1,331,408.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of LinkedIn Corp. (NYSE:LNKD) traded up 0.11% during trading on Friday, hitting $193.56. The company had a trading volume of 434,911 shares. The stock’s market cap is $26.23 billion. LinkedIn Corp. has a 12-month low of $98.25 and a 12-month high of $254.98. The firm has a 50 day moving average of $190.52 and a 200 day moving average of $178.48.
LinkedIn Corp. (NYSE:LNKD) last posted its quarterly earnings data on Thursday, October 27th. The social networking company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.27. LinkedIn Corp. had a positive return on equity of 1.77% and a negative net margin of 4.56%. The firm had revenue of $960 million for the quarter, compared to the consensus estimate of $955.55 million. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts forecast that LinkedIn Corp. will post $4.25 earnings per share for the current fiscal year.
A number of research firms have commented on LNKD. Vetr downgraded LinkedIn Corp. from a “hold” rating to a “sell” rating and set a $178.04 target price on the stock. in a research report on Tuesday, November 8th. Credit Suisse Group AG reiterated a “hold” rating and set a $196.00 target price on shares of LinkedIn Corp. in a research report on Friday, August 5th. Cantor Fitzgerald reiterated a “hold” rating and set a $220.00 target price on shares of LinkedIn Corp. in a research report on Tuesday, August 2nd. MKM Partners set a $196.00 price objective on LinkedIn Corp. and gave the company a “hold” rating in a research report on Friday, August 5th. Finally, RBC Capital Markets restated a “hold” rating and issued a $196.00 price objective on shares of LinkedIn Corp. in a research report on Friday, October 28th. Four investment analysts have rated the stock with a sell rating, thirty-three have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $187.30.
A number of hedge funds and other institutional investors have recently bought and sold shares of LNKD. Vanguard Group Inc. increased its position in 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. increased its position in LinkedIn Corp. by 2.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,890,498 shares of the social networking company’s stock valued at $552,432,000 after buying an additional 72,156 shares in the last quarter. Harris Associates L P acquired a new stake in shares of LinkedIn Corp. during the second quarter valued at approximately $511,098,000. Pentwater Capital Management LP acquired a new stake in shares of LinkedIn Corp. during the second quarter valued at approximately $492,334,000. Finally, Carmignac Gestion boosted its stake 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 during the last quarter. 63.27% of the stock is currently owned by hedge funds and other institutional investors.
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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