LinkedIn Corp (LNKD) was Downgraded by Needham to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Needham advised their investors in a research report released on Jun 14, 2016.
Many Wall Street Analysts have commented on LinkedIn Corp. LinkedIn Corp was Downgraded by First Analysis Sec to ” Equal-Weight” on Jun 14, 2016. LinkedIn Corp was Downgraded by Axiom Capital to ” Hold” on Jun 14, 2016. LinkedIn Corp was Downgraded by Piper Jaffray to ” Neutral” on Jun 14, 2016.
On the company’s financial health, LinkedIn Corp reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $861.00 million for the quarter, compared to analysts expectations of $828.66 million. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
LinkedIn Corp closed down -5.44 points or -3.98% at $131.08 with 20,00,874 shares getting traded on Friday. Post opening the session at $135, the shares hit an intraday low of $130.9 and an intraday high of $135.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 23, 2016, Susan J.s. Taylor (VP, Corporate Controller & CAO) sold 1,063 shares at $125.50 per share price. According to the SEC, on May 19, 2016, Michael John Callahan (VP, GC and Secretary) sold 1,855 shares at $128.15 per share price. On May 19, 2016, Leslie J Kilgore (director) sold 174 shares at $128.15 per share price, according to the Form-4 filing with the securities and exchange commission.
LinkedIn Corporation (LinkedIn) 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. The Company’s solutions include Free Solutions and Monetized Solutions. Its Free Solutions includes the service to manage professional identity service to build and engage with professional networks access to knowledge insights and opportunities and ubiquitous access. The Company also provides other solutions which provide members enterprises and professional organizations with functionality and additional benefits.