LinkedIn Corp. (LNKD) Rating Reiterated by Credit Agricole SA
LinkedIn Corp. (NYSE:LNKD)‘s stock had its “buy” rating reissued by analysts at Credit Agricole SA in a research report issued on Friday.
LNKD has been the subject of a number of other research reports. Vetr downgraded LinkedIn Corp. from a “hold” rating to a “strong sell” rating and set a $116.54 price objective for the company. in a research report on Monday, June 6th. Zacks Investment Research upgraded LinkedIn Corp. from a “hold” rating to a “strong-buy” rating and set a $221.00 target price for the company in a report on Wednesday, August 10th. Pacific Crest restated a “sector perform” rating on shares of LinkedIn Corp. in a report on Sunday, June 26th. Evercore ISI initiated coverage on LinkedIn Corp. in a report on Monday, July 25th. They issued a “hold” rating and a $196.00 target price for the company. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $196.00 target price on shares of LinkedIn Corp. in a report on Friday, August 5th. Three analysts have rated the stock with a sell rating, thirty-three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $199.29.
LinkedIn Corp. (NYSE:LNKD) traded up 0.037% during midday trading on Friday, reaching $192.551. The company’s stock had a trading volume of 267,644 shares. The stock’s 50-day moving average price is $192.18 and its 200-day moving average price is $157.33. LinkedIn Corp. has a 12 month low of $98.25 and a 12 month high of $258.39. The firm’s market capitalization is $25.94 billion.
LinkedIn Corp. (NYSE:LNKD) last issued its quarterly earnings results on Thursday, August 4th. The social networking company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.35. The firm earned $933 million during the quarter, compared to analyst estimates of $898.30 million. LinkedIn Corp. had a positive return on equity of 0.47% and a negative net margin of 6.23%. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. Analysts predict that LinkedIn Corp. will post $3.86 EPS for the current year.
In other LinkedIn Corp. news, SVP Michael Gamson sold 2,596 shares of the business’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $189.36, for a total transaction of $491,578.56. Following the sale, the senior vice president now directly owns 70,041 shares of the company’s stock, valued at approximately $13,262,963.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeff Weiner sold 6,834 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $190.45, for a total transaction of $1,301,535.30. Following the sale, the chief executive officer now directly owns 69,057 shares in the company, valued at $13,151,905.65. The disclosure for this sale can be found here. 12.72% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Barnett & Company Inc. boosted its stake in shares of LinkedIn Corp. by 65.2% in the second quarter. Barnett & Company Inc. now owns 570 shares of the social networking company’s stock worth $108,000 after buying an additional 225 shares during the last quarter. FineMark National Bank & Trust purchased a new stake in shares of LinkedIn Corp. during the second quarter worth about $118,000. Toronto Dominion Bank boosted its stake 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 worth $121,000 after buying an additional 6 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of LinkedIn Corp. by 9.7% in the second quarter. Capital Analysts LLC now owns 655 shares of the social networking company’s stock worth $124,000 after buying an additional 58 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake 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 worth $135,000 after buying an additional 39 shares during the last quarter. 65.51% 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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