Trade Report: Today, LinkedIn Corp. (LNKD) Receives Hold Rating from Argus

Today, LinkedIn Corp. (LNKD) Receives Hold Rating from Argus

LinkedIn Corp. (NYSE:LNKD)‘s stock had its “hold” rating restated by equities researchers at Argus in a research report issued to clients and investors on Tuesday.

LNKD has been the subject of several other research reports. Cantor Fitzgerald reiterated a “hold” rating and set a $220.00 price target on shares of LinkedIn Corp. in a research note on Monday, October 31st. RBC Capital Markets reiterated a “hold” rating and set a $196.00 price target on shares of LinkedIn Corp. in a research note on Friday, October 28th. Zacks Investment Research downgraded LinkedIn Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th. reiterated a “buy” rating on shares of LinkedIn Corp. in a research note on Friday, September 23rd. Finally, Jefferies Group reiterated a “hold” rating and set a $196.00 price target on shares of LinkedIn Corp. in a research note on Tuesday, September 6th. Four investment analysts have rated the stock with a sell rating, thirty-three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $187.30.

LinkedIn Corp. (NYSE:LNKD) traded up 0.12% during midday trading on Tuesday, reaching $195.15. The company’s stock had a trading volume of 430,267 shares. LinkedIn Corp. has a 52 week low of $98.25 and a 52 week high of $252.03. The stock has a 50 day moving average of $190.84 and a 200 day moving average of $181.37. The firm’s market capitalization is $26.45 billion.

LinkedIn Corp. (NYSE:LNKD) last posted its quarterly earnings results on Thursday, October 27th. The social networking company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.27. The firm had revenue of $960 million for the quarter, compared to analyst estimates of $955.55 million. LinkedIn Corp. had a positive return on equity of 1.77% and a negative net margin of 4.56%. LinkedIn Corp.’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, equities research analysts predict that LinkedIn Corp. will post $4.25 earnings per share for the current fiscal year.

In other news, CEO Jeff Weiner sold 6,886 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $193.35, for a total transaction of $1,331,408.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Gamson sold 4,249 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $193.32, for a total value of $821,416.68. The disclosure for this sale can be found here. Corporate insiders own 12.72% of the company’s stock.

Several large investors have recently modified their holdings of the company. NEXT Financial Group Inc boosted its stake in shares of LinkedIn Corp. by 26.2% in the third quarter. NEXT Financial Group Inc now owns 534 shares of the social networking company’s stock worth $102,000 after buying an additional 111 shares in the last quarter. Barnett & Company Inc. boosted its stake in shares of LinkedIn Corp. by 65.2% in the second quarter. Barnett & Company Inc. now owns 570 shares of the social networking company’s stock worth $108,000 after buying an additional 225 shares in the last quarter. FineMark National Bank & Trust purchased a new stake in shares of LinkedIn Corp. during the second quarter worth about $118,000. Toronto Dominion Bank boosted its stake in shares of LinkedIn Corp. by 0.9% in the second quarter. Toronto Dominion Bank now owns 640 shares of the social networking company’s stock worth $121,000 after buying an additional 6 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in shares of LinkedIn Corp. by 9.7% in the second quarter. Capital Analysts LLC now owns 655 shares of the social networking company’s stock worth $124,000 after buying an additional 58 shares in the last quarter. Institutional investors own 60.32% of the company’s stock.

About LinkedIn Corp.

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