LinkedIn

LinkedIn Corp (LNKD) Shares Sold by KBC Group

LinkedIn Corp (LNKD) Shares Sold by KBC Group


LinkedIn Corp (LNKD) Shares Sold by KBC Group




KBC Group cut its stake in shares of LinkedIn Corp (NYSE:LNKD) by 86.2% during the third quarter, Holdings Channel reports. The fund owned 8,349 shares of the social networking company’s stock after selling 52,101 shares during the period. KBC Group’s holdings in LinkedIn Corp were worth $1,587,000 as of its most recent SEC filing.

Shares of LinkedIn Corp (NYSE:LNKD) traded up 1.28% during trading on Monday, reaching $109.83. The company’s stock had a trading volume of 833,265 shares. The company’s 50-day moving average price is $114.73 and its 200 day moving average price is $184.87. The stock’s market capitalization is $14.51 billion. LinkedIn Corp has a 1-year low of $98.25 and a 1-year high of $266.53.

LinkedIn Corp (NYSE:LNKD) last posted its earnings results on Thursday, February 4th. The social networking company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.16. The business had revenue of $862 million for the quarter, compared to the consensus estimate of $857.26 million. The company’s revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. Analysts anticipate that LinkedIn Corp will post $3.20 EPS for the current year.




Several equities research analysts have recently issued reports on the company. Vetr cut LinkedIn Corp from a “strong-buy” rating to a “buy” rating and set a $214.62 price objective on the stock. in a report on Monday, February 1st. Canaccord Genuity restated a “buy” rating and set a $175.00 price objective (down previously from $220.00) on shares of LinkedIn Corp in a report on Monday, March 7th. Mizuho raised their price objective on LinkedIn Corp from $127.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, March 4th. Citigroup Inc. decreased their price objective on LinkedIn Corp from $194.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, April 1st. Finally, Credit Suisse restated an “outperform” rating and set a $330.00 price objective on shares of LinkedIn Corp in a report on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $191.09.

In other news, CAO Susan J.S. Taylor sold 572 shares of the company’s stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $114.19, for a total value of $65,316.68. Following the sale, the chief accounting officer now directly owns 7,017 shares of the company’s stock, valued at approximately $801,271.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Michael John Callahan sold 167 shares of the company’s stock in a transaction on Friday, January 15th. The shares were sold at an average price of $196.56, for a total transaction of $32,825.52. Following the completion of the sale, the vice president now directly owns 30,992 shares in the company, valued at $6,091,787.52. The disclosure for this sale can be found here.

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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