What Wall Street is saying about LinkedIn Corp. (LNKD)
LinkedIn Corporation (LNKD) is exchanging hands at $110.99 and lots of rating firms seem to have a target price set on the stock. The median 12-month price target of 41 analysts covering the company is $175, which suggests the stock could still gain more than 58 percent. The highest analyst price target is $295, which implies a gain of 166 percent. And roundups of analyst notes show that 17 are rating the stock a buy while 9 rate LNKD a strong buy. There are 17 equity research firms suggesting a Hold and 0 consider it Sell.
According to a research note published on 16/03/2016, analysts at Morgan Stanley have lowered their rating on the company stock from Overweight to Equal-Weight. According to a research note published on 05/02/2016, analysts at Atlantic Equities have lowered their rating on the company stock from Overweight to Neutral. According to a research note published on 05/02/2016, analysts at Sun Trust Rbsn Humphrey have lowered their rating on the company stock from Buy to Neutral.
LinkedIn Corporation (LNKD) Insider Activity
Several executives took part in recent insider activity for the stock. Its VP, Corporate Controller & CAO Taylor Susan J.S. sold 572 company shares for $65300, in a transaction on 22/02/2016. Following the transaction, the VP, Corporate Controller & CAO is left with a stake of 7017 shares, currently valued at $778816.83. Meanwhile, SVP Global Talent Organization WADORS PATRICIA L divested 3247 shares worth $356900, through a transaction dated 18/02/2016. Following the completion of the transaction, the insider is left with a stake of 22535 shares, amounting $2501159.65. LNKD VP, Corporate Controller & CAO, Taylor Susan J.S. also disposed of 601 shares, at a stock price of $106. This transaction occurred on 17/02/2016 totals $63700. After this transaction, the insider’s stake stands at 7589 shares, with a market value of $842303.11.
Insiders own 0.4 percent of the stock. WEINER JEFF is one of the largest insider shareholders in LinkedIn Corporation, according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 88920 shares which have current market value of around $9869230.8. SORDELLO STEVEN J is another major inside shareholder in the company. The insider owns 71225 shares as of 29/02/2016, currently worth $7905262.75. NISHAR DIPCHAND is ranked as third insider holder of the stock. This insider holds 78660 shares with a market value around $8730473.4 as of recent close.
LinkedIn Corporation Earnings Overview
In LinkedIn’s most recent quarter, EPS grew 54.1 percent to $0.94 from $0.61 a year earlier and revenues increased to $861.89M from $779.59M. Analysts had expected LinkedIn Corporation to report earnings of about $0.78 per share on $857.35M in revenue. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.5 and $0.75. That is compared with the $0.57 in earnings per share it reported during the same period last year.