LinkedIn

LinkedIn Corp (LNKD) Lowered to "Equal Weight" at Barclays

LinkedIn Corp (LNKD) Lowered to “Equal Weight” at Barclays


LinkedIn Corp (LNKD) Lowered to “Equal Weight” at Barclays







Barclays cut shares of LinkedIn Corp (NYSE:LNKD) from an overweight rating to an equal weight rating in a research note released on Tuesday morning, The Fly reports. Barclays currently has $130.00 price objective on the social networking company’s stock, down from their prior price objective of $205.00.

Several other research firms also recently commented on LNKD. Vetr raised shares of LinkedIn Corp from a buy rating to a strong-buy rating and set a $218.64 price objective on the stock in a report on Wednesday, February 3rd. SunTrust cut shares of LinkedIn Corp from a buy rating to a neutral rating and decreased their target price for the company from $250.00 to $155.00 in a research note on Friday, February 5th. FBR & Co. reiterated a hold rating on shares of LinkedIn Corp in a research note on Saturday, February 6th. Canaccord Genuity reiterated a buy rating and issued a $175.00 target price (down from $220.00) on shares of LinkedIn Corp in a research note on Monday, March 7th. Finally, Susquehanna cut shares of LinkedIn Corp from a positive rating to a neutral rating and decreased their target price for the company from $300.00 to $150.00 in a research note on Friday, February 5th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and twenty-four have assigned a buy rating to the stock. LinkedIn Corp has a consensus rating of Buy and an average price target of $196.72.

LinkedIn Corp (NYSE:LNKD) opened at 110.03 on Tuesday. The firm has a 50-day moving average of $113.09 and a 200 day moving average of $189.63. LinkedIn Corp has a 52-week low of $98.25 and a 52-week high of $266.53. The company’s market capitalization is $14.53 billion.




LinkedIn Corp (NYSE:LNKD) last released its quarterly earnings data on Thursday, February 4th. The social networking company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.78 by $0.16. The business earned $862 million during the quarter, compared to analysts’ expectations of $857.26 million. During the same period last year, the company earned $0.61 earnings per share. The firm’s revenue was up 34.0% on a year-over-year basis. Equities analysts predict that LinkedIn Corp will post $3.20 earnings per share for the current fiscal year.

In related news, CEO Jeff Weiner sold 7,600 shares of the business’s stock in a transaction dated Wednesday, January 6th. The shares were sold at an average price of $232.46, for a total value of $1,766,696.00. Following the completion of the transaction, the chief executive officer now owns 201,678 shares of the company’s stock, valued at approximately $46,882,067.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Susan J.S. Taylor sold 572 shares of the business’s stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $114.19, for a total transaction of $65,316.68. Following the completion of the transaction, the chief accounting officer now directly owns 7,017 shares of the company’s stock, valued at approximately $801,271.23. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of LinkedIn Corp during the fourth quarter valued at $192,379,000. Darrell & King LLC purchased a new position in shares of LinkedIn Corp during the fourth quarter valued at $14,183,000. Nomura Asset Management Co. Ltd. increased its position in shares of LinkedIn Corp by 3.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,774 shares of the social networking company’s stock valued at $2,650,000 after buying an additional 440 shares during the last quarter. Pioneer Investment Management Inc. increased its position in shares of LinkedIn Corp by 30.3% in the fourth quarter. Pioneer Investment Management Inc. now owns 92,534 shares of the social networking company’s stock valued at $20,828,000 after buying an additional 21,539 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its position in shares of LinkedIn Corp by 3.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 41,247 shares of the social networking company’s stock valued at $9,382,000 after buying an additional 1,269 shares during the last quarter.

LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet. The Company’s three product lines include Talent Solutions, Marketing Solutions and Premium Subscriptions. 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 customers and individual members purchasing subscriptions.

12 Month Chart for NYSE:LNKD

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