LinkedIn Corp. (NYSE:LNKD) SVP Michael John Callahan sold 2,293 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $193.35, for a total transaction of $443,351.55. Following the transaction, the senior vice president now owns 52,251 shares of the company’s stock, valued at approximately $10,102,730.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael John Callahan also recently made the following trade(s):

  • On Wednesday, October 5th, Michael John Callahan sold 564 shares of LinkedIn Corp. stock. The stock was sold at an average price of $192.20, for a total transaction of $108,400.80.
  • On Tuesday, September 6th, Michael John Callahan sold 564 shares of LinkedIn Corp. stock. The stock was sold at an average price of $192.65, for a total transaction of $108,654.60.

LinkedIn Corp. (NYSE:LNKD) traded up 0.19% during midday trading on Friday, reaching $193.71. 589,335 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $190.52 and a 200 day moving average price of $178.48. LinkedIn Corp. has a 12-month low of $98.25 and a 12-month high of $254.98. The company’s market cap is $26.26 billion.

LinkedIn Corp. (NYSE:LNKD) last announced its earnings results on Thursday, October 27th. The social networking company reported $1.18 earnings per share for the quarter, beating 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 company had revenue of $960 million for the quarter, compared to the consensus estimate of $955.55 million. During the same period last year, the business posted $0.78 EPS. The company’s revenue was up 23.1% on a year-over-year basis. On average, analysts expect that LinkedIn Corp. will post $4.25 EPS for the current fiscal year.

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

Several hedge funds have recently bought and sold shares of LNKD. Caisse DE Depot ET Placement DU Quebec increased its stake in LinkedIn Corp. by 32.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 410,000 shares of the social networking company’s stock worth $78,359,000 after buying an additional 99,300 shares during the period. Gerstein Fisher increased its stake in LinkedIn Corp. by 1.6% in the third quarter. Gerstein Fisher now owns 1,080 shares of the social networking company’s stock worth $206,000 after buying an additional 17 shares during the period. BTG Pactual Global Asset Management Ltd increased its stake in LinkedIn Corp. by 112.1% in the third quarter. BTG Pactual Global Asset Management Ltd now owns 24,600 shares of the social networking company’s stock worth $4,702,000 after buying an additional 13,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in LinkedIn Corp. during the third quarter worth $669,000. Finally, Cobalt Capital Management Inc. increased its stake in LinkedIn Corp. by 160.3% in the third quarter. Cobalt Capital Management Inc. now owns 149,700 shares of the social networking company’s stock worth $28,611,000 after buying an additional 92,200 shares during the period. Hedge funds and other institutional investors own 63.27% of the company’s stock.

LNKD has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on shares of LinkedIn Corp. in a research note on Monday, July 25th. They issued a “hold” rating and a $196.00 target price for the company. Credit Agricole SA reiterated a “buy” rating on shares of LinkedIn Corp. in a research note on Friday, September 23rd. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $196.00 target price on shares of LinkedIn Corp. in a research note on Friday, August 5th. Cantor Fitzgerald reiterated a “hold” rating and issued a $220.00 target price on shares of LinkedIn Corp. in a research note on Tuesday, August 2nd. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $196.00 target price on shares of LinkedIn Corp. in a research note on Friday, August 5th. Four investment analysts have rated the stock with a sell rating, thirty-three have issued a hold rating and five have given a buy rating to the company. LinkedIn Corp. currently has a consensus rating of “Hold” and a consensus price target 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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