Susan J.S. Taylor Sells 428 Shares of LinkedIn Corp. (LNKD) Stock
LinkedIn Corp. (NYSE:LNKD) VP Susan J.S. Taylor sold 428 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $193.35, for a total transaction of $82,753.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
LinkedIn Corp. (NYSE:LNKD) opened at 193.64 on Monday. LinkedIn Corp. has a one year low of $98.25 and a one year high of $254.98. The firm’s market cap is $26.25 billion. The company’s 50-day moving average is $190.60 and its 200 day moving average is $178.94.
LinkedIn Corp. (NYSE:LNKD) last issued its quarterly earnings data on Thursday, October 27th. The social networking company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.27. The business earned $960 million during the quarter, compared to analyst estimates of $955.55 million. LinkedIn Corp. had a negative net margin of 4.56% and a positive return on equity of 1.77%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. Equities analysts anticipate that LinkedIn Corp. will post $4.25 earnings per share for the current year.
A number of research analysts have recently weighed in on the stock. Credit Suisse Group AG restated a “hold” rating and set a $196.00 price target on shares of LinkedIn Corp. in a report on Friday, August 5th. Vetr downgraded shares of LinkedIn Corp. from a “hold” rating to a “sell” rating and set a $178.04 price target on the stock. in a report on Tuesday, November 8th. Cantor Fitzgerald restated a “hold” rating and set a $220.00 price target on shares of LinkedIn Corp. in a report on Tuesday, August 2nd. MKM Partners set a $196.00 price target on shares of LinkedIn Corp. and gave the company a “hold” rating in a report on Friday, August 5th. Finally, RBC Capital Markets restated a “hold” rating and set a $196.00 price target on shares of LinkedIn Corp. in a 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 given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $187.30.
A number of hedge funds and other institutional investors have recently modified their holdings of LNKD. Havens Advisors LLC acquired a new position in shares of LinkedIn Corp. during the second quarter worth about $6,056,000. TT International acquired a new position in shares of LinkedIn Corp. during the second quarter worth about $1,608,000. British Columbia Investment Management Corp raised its position in shares of LinkedIn Corp. by 44.2% in the second quarter. British Columbia Investment Management Corp now owns 57,572 shares of the social networking company’s stock worth $10,896,000 after buying an additional 17,641 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of LinkedIn Corp. by 77.2% in the second quarter. BNP Paribas Arbitrage SA now owns 43,880 shares of the social networking company’s stock worth $8,304,000 after buying an additional 19,113 shares during the period. Finally, MIG Capital LLC acquired a new position in shares of LinkedIn Corp. during the first quarter worth about $17,987,000. Institutional investors and hedge funds own 60.32% of the company’s stock.
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.
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