LinkedIn Corp. (NYSE:LNKD) CFO Steven J. Sordello sold 3,217 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $193.35, for a total value of $622,006.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

LinkedIn Corp. (NYSE:LNKD) traded up 0.11% during trading on Friday, hitting $193.57. The stock had a trading volume of 437,567 shares. LinkedIn Corp. has a 1-year low of $98.25 and a 1-year high of $254.98. The firm’s market capitalization is $26.24 billion. The firm has a 50 day moving average price of $190.52 and a 200-day moving average price of $178.48.

LinkedIn Corp. (NYSE:LNKD) last announced its quarterly earnings results on Thursday, October 27th. The social networking company reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.27. LinkedIn Corp. had a negative net margin of 4.56% and a positive return on equity of 1.77%. The business had revenue of $960 million for the quarter, compared to analysts’ expectations of $955.55 million. During the same quarter last year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities research analysts expect that LinkedIn Corp. will post $4.25 EPS for the current year.

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

A number of institutional investors have recently made changes to their positions in LNKD. Toronto Dominion Bank boosted 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 valued at $121,000 after buying an additional 6 shares during the last quarter. Gerstein Fisher boosted its position in shares of LinkedIn Corp. by 1.6% in the third quarter. Gerstein Fisher now owns 1,080 shares of the social networking company’s stock valued at $206,000 after buying an additional 17 shares during the last quarter. Checchi Capital Advisers LLC boosted 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 valued at $135,000 after buying an additional 39 shares during the last quarter. 1st Global Advisors Inc. boosted its position in shares of LinkedIn Corp. by 1.2% in the second quarter. 1st Global Advisors Inc. now owns 4,317 shares of the social networking company’s stock valued at $817,000 after buying an additional 53 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of LinkedIn Corp. by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,943 shares of the social networking company’s stock valued at $501,000 after buying an additional 57 shares during the last quarter. 63.27% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on LNKD. Argus restated a “hold” rating on shares of LinkedIn Corp. in a research report on Tuesday, November 8th. MKM Partners set a $196.00 price target on LinkedIn Corp. and gave the company a “hold” rating in a report on Friday, August 5th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $196.00 price target on shares of LinkedIn Corp. in a report on Friday, August 5th. Vetr cut LinkedIn Corp. from a “hold” rating to a “sell” rating and set a $178.04 price target for the company. in a report on Tuesday, November 8th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $196.00 price target on shares of LinkedIn Corp. in a report on Tuesday, September 6th. Four investment analysts have rated the stock with a sell rating, thirty-three have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $187.30.

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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