LinkedIn Corp. (NASDAQ:LNKD) saw unusually large options trading on Tuesday. Stock traders bought 35,822 call options on the stock, Stock Ratings News reports. This represents an increase of approximately 215% compared to the average daily volume of 11,360 call options.
In other LinkedIn Corp. news, Director David L. Sze sold 6,250 shares of the stock on the open market in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $248.03, for a total value of $1,550,187.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on LNKD. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Tuesday. Separately, analysts at Macquarie raised their price target on shares of LinkedIn Corp. from $260.00 to $285.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of LinkedIn Corp. from $250.00 to $280.00 in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $230.10.
LinkedIn Corp. (NASDAQ:LNKD) traded down 6.10% on Tuesday, hitting $222.73. 6,432,094 shares of the company’s stock traded hands. LinkedIn Corp. has a one year low of $94.75 and a one year high of $257.56. The stock has a 50-day moving average of $244.3 and a 200-day moving average of $202.0. The company has a market cap of $24.968 billion and a P/E ratio of 901.94.
LinkedIn Corp. (NASDAQ:LNKD) last released its earnings data on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $354.01 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 59.4% on a year-over-year basis. Analysts expect that LinkedIn Corp. will post $1.54 EPS for the current fiscal year.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.