Michael John Callahan Sells 564 Shares of LinkedIn Corp. (LNKD) Stock
LinkedIn Corp. (NYSE:LNKD) SVP Michael John Callahan sold 564 shares of the stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $192.20, for a total transaction of $108,400.80. Following the transaction, the senior vice president now owns 54,544 shares in the company, valued at $10,483,356.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Michael John Callahan also recently made the following trade(s):
- On Tuesday, September 6th, Michael John Callahan sold 564 shares of LinkedIn Corp. stock. The shares were sold at an average price of $192.65, for a total transaction of $108,654.60.
- On Tuesday, August 16th, Michael John Callahan sold 2,276 shares of LinkedIn Corp. stock. The shares were sold at an average price of $190.45, for a total transaction of $433,464.20.
Shares of LinkedIn Corp. (NYSE:LNKD) opened at 190.71 on Tuesday. The stock has a 50 day moving average of $192.26 and a 200-day moving average of $164.74. LinkedIn Corp. has a 52-week low of $98.25 and a 52-week high of $258.39. The stock’s market capitalization is $25.69 billion.
LinkedIn Corp. (NYSE:LNKD) last released its quarterly earnings results on Thursday, August 4th. The social networking company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.35. LinkedIn Corp. had a positive return on equity of 0.47% and a negative net margin of 6.23%. The business earned $933 million during the quarter, compared to analysts’ expectations of $898.30 million. During the same period in the previous year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 31.0% compared to the same quarter last year. On average, equities research analysts predict that LinkedIn Corp. will post $3.83 EPS for the current fiscal year.
A number of research analysts have commented on LNKD shares. Vetr upgraded shares of LinkedIn Corp. from a “sell” rating to a “buy” rating and set a $204.55 price objective on the stock in a research note on Tuesday, June 14th. Credit Agricole SA reissued a “buy” rating on shares of LinkedIn Corp. in a report on Friday, September 23rd. First Analysis cut shares of LinkedIn Corp. from an “overweight” rating to an “equal weight” rating in a report on Monday, June 13th. Axiom Securities cut shares of LinkedIn Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, Jefferies Group cut shares of LinkedIn Corp. from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $196.00 in a report on Tuesday, June 14th. Three equities research analysts have rated the stock with a sell rating, thirty-four have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $199.29.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harris Associates L P purchased a new stake in shares of LinkedIn Corp. during the second quarter valued at $511,098,000. Pentwater Capital Management LP purchased a new stake in shares of LinkedIn Corp. during the second quarter valued at $492,334,000. 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 in the last quarter. Farallon Capital Management LLC purchased a new stake in shares of LinkedIn Corp. during the second quarter valued at $174,110,000. Finally, Westchester Capital Management LLC purchased a new stake in shares of LinkedIn Corp. during the second quarter valued at $166,215,000. 65.51% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for LinkedIn Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LinkedIn Corp. and related companies with MarketBeat.com's FREE daily email newsletter.