LinkedIn stock sits at $203.06

LinkedIn is up with 313 million memberships in the third quarter ending 30 June, and at the momsnt shares sit at $203.06 with a trading volume of 10,511,318 shares.

LinkedIn has reportedly lost 1 cent per share or $1 million against a profit of 3 cents / $3.7 million a year earlier. Revenues rose 47% from $364 million to $534 million for the same quarter leaving the consensus estimate for revenues of $510.98 million.

EPS of $0.51 was adjusted after the second quarter close on Thursday, which is up from $0.38 last year, analysts expected around EPS of $0.39.

LinkedIn gapped open higher Friday and moved amid the first half hour of exchange. The stock closed for the day 21.14 at $201.78, with volume at almost a 6-month high. LinkedIn surged to over a 4-month high and re-crossed its 200-day moving average.

LinkedIn shares went up to 8 per cent to $194.90, reporting a 47-per cent rise in second-quarter revenue on Thursday. Piper Jaffray up LinkedIn price target from $270.00 to $282.00 according to Ticker Report, if you look at the Linkedin shares outstanding price right now they sit at 203.06 up 1.30 (0.64%).

LinkedIn stock sits at $203.06