Barclays Gives LinkedIn (NYSE:LNKD) Lower Rating. The Target Price is 0.00
LinkedIn (NYSE:LNKD) Downgrade
In a research note issued to investors and clients on Tuesday, 29 March, Barclays has lowered LinkedIn (NYSE:LNKD) stock to Equal-weight and has set a 12month target at $130.00. LNKD’s old rating was Overweight.
Out of 41 analysts covering LinkedIn (NYSE:LNKD), 26 rate it “Buy”, 1 “Sell”, while 17 “Hold”. This means 59% are positive. $295 is the highest target while $120 is the lowest. The $175.98 average target is 73.87% above today’s ($110.03) stock price. LinkedIn was the topic in 55 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded the stock on March 16 to “Equal-Weight” rating. RBC Capital Markets downgraded it to “Sector Perform” rating and $156 target price in a February 5 report. Goldman Sachs downgraded the shares of LNKD in a report on February 22 to “Buy” rating. UBS maintained the firm’s rating on February 5. UBS has “Buy” rating and $170 price target. Finally, Atlantic Securities downgraded the stock to “Neutral” rating in a February 5 report.
The stock increased 0.83% or $0.91 on March 29, hitting $110.03. About 2.47M shares traded hands. LinkedIn Corp (NYSE:LNKD) has declined 39.57% since August 20, 2015 and is downtrending. It has underperformed by 39.63% the S&P500.
Analysts await LinkedIn Corp (NYSE:LNKD) to reports earnings on May, 5. They expect $-0.27 earnings per share, down 50.00% or $0.09 from last year’s $-0.18 per share. After $0.25 actual earnings per share reported by LinkedIn Corp for the previous quarter, Wall Street now forecasts -208.00% negative EPS growth.
The institutional sentiment decreased to 1.01 in Q3 2015. Its down 0.05, from 1.06 in 2015Q2. The ratio dived, as 57 funds sold all LinkedIn Corp shares owned while 154 reduced positions. 50 funds bought stakes while 163 increased positions. They now own 95.21 million shares or 4.27% less from 99.46 million shares in 2015Q2.
Maveron General Partner Iv Llc holds 100% of its portfolio in LinkedIn Corp for 572 shares. Scge Management L.P. owns 240,000 shares or 7.39% of their US portfolio. Moreover, Glynn Capital Management Llc has 6.99% invested in the company for 111,295 shares. The California-based Criterion Capital Management Llc has invested 5.73% in the stock. Ibis Capital Partners Llp, a United Kingdom-based fund reported 71,207 shares.
Since March 3, 2015, the stock had 0 insider purchases, and 3 selling transactions for $1.27 million net activity. Gamson Michael sold 4,722 shares worth $929,429. Callahan Michael John sold 698 shares worth $136,445. Scott James Kevin sold 5,059 shares worth $947,055. Taylor Susan J.S. sold 612 shares worth $114,211. The insider Battle A George sold 174 shares worth $32,627.
LinkedIn Corporation is a professional network on the Internet. The company has a market cap of $14.28 billion. The Company’s three product lines include Talent Solutions, Marketing Solutions and Premium Subscriptions. It currently has negative earnings. All three product lines are sold through two channels, an offline field sales organization, which engages with both large and small enterprise customers, as well as an online, self-serve channel, which includes enterprise clients and individual members purchasing subscriptions.
According to Zacks Investment Research, “LinkedIn Corporation is an online professional network which allows members to create, manage, and share their professional identity online, build and engage with their professional network, access shared knowledge and insights, and find business opportunities. Its platform also provides members with applications and tools to search, connect, and communicate with business contacts, learn about career opportunities, join industry groups, research organizations, and share information. LinkedIn also offers services like hiring solutions, marketing solutions and other services. LinkedIn Corporation is headquartered in Mountain View, California.”