Nomura reiterated their buy rating on shares of LinkedIn Corp (NYSE:LNKD) in a research note released on Thursday, Marketbeat reports. Nomura currently has a $235.00 price target on the social networking company’s stock, down from their prior price target of $290.00.

Shares of LinkedIn Corp (NYSE:LNKD) traded up 1.34% on Thursday, reaching $196.14. 991,864 shares of the company were exchanged. The company’s 50-day moving average is $221.14 and its 200-day moving average is $212.35. The company’s market capitalization is $25.71 billion. LinkedIn Corp has a 52 week low of $165.57 and a 52 week high of $276.18.

LinkedIn Corp (NYSE:LNKD) last posted its quarterly earnings data on Thursday, October 29th. The social networking company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.32. The firm had revenue of $779.60 million for the quarter, compared to the consensus estimate of $754.80 million. The company’s revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. On average, equities analysts expect that LinkedIn Corp will post $2.69 EPS for the current fiscal year.

In other news, CFO Steven J. Sordello sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $254.29, for a total transaction of $1,271,450.00. Following the completion of the transaction, the chief financial officer now directly owns 39,618 shares of the company’s stock, valued at $10,074,461.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Susan J.S. Taylor sold 790 shares of the business’s stock in a transaction that occurred on Tuesday, November 17th. The stock was sold at an average price of $241.68, for a total value of $190,927.20. Following the sale, the chief accounting officer now owns 8,678 shares of the company’s stock, valued at approximately $2,097,299.04. The disclosure for this sale can be found here.

A number of large investors have recently modified their holdings of the stock. Cheyne Capital Management purchased a new stake in shares of LinkedIn Corp during the fourth quarter worth $3,166,000. Eagle Asset Management raised its position in LinkedIn Corp by 111.9% in the third quarter. Eagle Asset Management now owns 81,044 shares of the social networking company’s stock worth $15,408,000 after buying an additional 42,798 shares during the last quarter. British Columbia Investment Management Corp raised its position in LinkedIn Corp by 635.0% in the fourth quarter. British Columbia Investment Management Corp now owns 41,786 shares of the social networking company’s stock worth $9,405,000 after buying an additional 36,101 shares during the last quarter. Jennison Associates raised its position in LinkedIn Corp by 0.3% in the third quarter. Jennison Associates now owns 6,390,275 shares of the social networking company’s stock worth $1,214,983,000 after buying an additional 19,651 shares during the last quarter. Finally, Marcus Capital bought a new position in LinkedIn Corp during the fourth quarter worth about $3,294,000.

A number of other research firms have also recently weighed in on LNKD. Needham & Company LLC reiterated a buy rating and set a $300.00 price objective (up previously from $260.00) on shares of LinkedIn Corp in a research report on Friday, October 30th. SEB Equity Research reiterated a buy rating on shares of LinkedIn Corp in a research report on Friday, October 30th. Macquarie boosted their price objective on shares of LinkedIn Corp from $248.00 to $278.00 and gave the company an outperform rating in a research report on Friday, October 30th. BMO Capital Markets boosted their price objective on shares of LinkedIn Corp from $265.00 to $280.00 and gave the company a buy rating in a research report on Friday, October 30th. Finally, Vetr cut shares of LinkedIn Corp from a sell rating to a strong sell rating and set a $219.25 price objective on the stock. in a research report on Tuesday, November 3rd. Seven research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $272.86.

LinkedIn Corporation (NYSE:LNKD) 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.

12 Month Chart for NYSE:LNKD

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