Weibo Corporation (WB) Upgraded at BidaskClub

BidaskClub upgraded shares of Weibo Corporation (NASDAQ:WB) from a hold rating to a buy rating in a research note issued to investors on Thursday.

A number of other brokerages also recently commented on WB. Jefferies Group LLC restated a buy rating and set a $82.00 target price on shares of Weibo Corporation in a report on Thursday, July 27th. Benchmark Co. reduced their price target on Weibo Corporation from $110.00 to $95.00 and set a buy rating on the stock in a research note on Wednesday. Zacks Investment Research cut Weibo Corporation from a strong-buy rating to a hold rating in a research note on Wednesday, July 19th. Citigroup Inc. reaffirmed a buy rating and issued a $126.00 price target (up from $102.00) on shares of Weibo Corporation in a research note on Thursday, September 14th. Finally, Instinet reaffirmed a buy rating and issued a $102.00 price target (up from $91.00) on shares of Weibo Corporation in a research note on Friday, August 11th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $88.61.

Shares of Weibo Corporation (WB) traded down $4.13 during trading on Thursday, hitting $105.16. The company had a trading volume of 1,860,200 shares, compared to its average volume of 2,114,880. The company has a market capitalization of $23,263.18, a P/E ratio of 89.12 and a beta of 2.50. Weibo Corporation has a one year low of $40.12 and a one year high of $110.48.

Weibo Corporation (NASDAQ:WB) last announced its earnings results on Tuesday, November 7th. The information services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $320.00 million during the quarter, compared to the consensus estimate of $297.20 million. Weibo Corporation had a return on equity of 30.00% and a net margin of 26.85%. The firm’s revenue for the quarter was up 80.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. sell-side analysts anticipate that Weibo Corporation will post 1.49 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in WB. Parametric Portfolio Associates LLC grew its stake in shares of Weibo Corporation by 83.4% in the first quarter. Parametric Portfolio Associates LLC now owns 21,318 shares of the information services provider’s stock worth $1,112,000 after acquiring an additional 9,693 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Weibo Corporation by 2.6% in the first quarter. Vanguard Group Inc. now owns 165,119 shares of the information services provider’s stock worth $8,616,000 after acquiring an additional 4,195 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Weibo Corporation by 20.3% in the first quarter. Geode Capital Management LLC now owns 70,163 shares of the information services provider’s stock worth $3,650,000 after acquiring an additional 11,825 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Weibo Corporation in the first quarter worth $162,000. Finally, State Street Corp grew its stake in shares of Weibo Corporation by 14.2% in the first quarter. State Street Corp now owns 513,031 shares of the information services provider’s stock worth $26,771,000 after acquiring an additional 63,983 shares during the last quarter. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

Weibo Corporation Company Profile

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.

Analyst Recommendations for Weibo Corporation (NASDAQ:WB)

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