Analysts at Deutsche Bank began coverage on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research report issued to clients and investors on Thursday, Stock Ratings Network reports. The firm set a “hold” rating on the stock.
Shares of LinkedIn Corp. (NASDAQ:LNKD) traded up 1.46% on Thursday, hitting $219.35. 250,536 shares of the company’s stock traded hands. LinkedIn Corp. has a one year low of $105.05 and a one year high of $257.56. The stock has a 50-day moving average of $230.4 and a 200-day moving average of $212.8. The company has a market cap of $26.191 billion and a price-to-earnings ratio of 973.83.
LinkedIn Corp. (NASDAQ:LNKD) last released its earnings data on Tuesday, October 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.07. The company had revenue of $393.00 million for the quarter, compared to the consensus estimate of $385.57 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 56.0% on a year-over-year basis. Analysts expect that LinkedIn Corp. will post $1.60 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer initiated coverage on shares of LinkedIn Corp. in a research note to investors on Thursday. They set a “market perform” rating on the stock. Separately, analysts at FBR & Co. initiated coverage on shares of LinkedIn Corp. in a research note to investors on Thursday. They set a “market perform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of LinkedIn Corp. in a research note to investors on Wednesday. They set a “market perform” rating and a $214.00 price target on the stock. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $241.91.
In other LinkedIn Corp. news, VP Erika Rottenberg sold 2,941 shares of the company’s stock on the open market in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $223.02, for a total value of $655,901.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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