BidaskClub Lowers Weibo (WB) to Hold

BidaskClub downgraded shares of Weibo (NASDAQ:WB) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other equities analysts have also commented on the stock. ValuEngine lowered shares of Weibo from a hold rating to a sell rating in a report on Friday. Zacks Investment Research lowered shares of Weibo from a buy rating to a hold rating in a report on Wednesday, November 29th. Barclays increased their target price on shares of Weibo from $100.00 to $120.00 and gave the company an overweight rating in a report on Tuesday, November 14th. Benchmark reduced their target price on shares of Weibo from $110.00 to $95.00 and set a buy rating on the stock in a report on Wednesday, November 8th. Finally, Citigroup reaffirmed a buy rating and set a $126.00 target price (up previously from $102.00) on shares of Weibo in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $93.39.

Shares of Weibo (WB) opened at $102.03 on Friday. The firm has a market cap of $22,310.00, a P/E ratio of 88.84 and a beta of 2.52. Weibo has a twelve month low of $40.12 and a twelve month high of $123.00.

Weibo (NASDAQ:WB) last issued its quarterly earnings results on Tuesday, November 7th. The information services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The firm had revenue of $320.00 million for the quarter, compared to analyst estimates of $297.20 million. Weibo had a net margin of 26.85% and a return on equity of 30.00%. The business’s revenue for the quarter was up 80.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. equities analysts predict that Weibo will post 1.5 earnings per share for the current year.

Several large investors have recently bought and sold shares of WB. NEXT Financial Group Inc lifted its position in Weibo by 9,900.0% during the 3rd quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock valued at $100,000 after acquiring an additional 990 shares during the period. YorkBridge Wealth Partners LLC purchased a new position in Weibo during the 3rd quarter valued at about $105,000. Risk Paradigm Group LLC purchased a new position in Weibo during the 3rd quarter valued at about $109,000. Castleark Management LLC purchased a new position in Weibo during the 2nd quarter valued at about $110,000. Finally, Catamount Wealth Management purchased a new position in Weibo during the 2nd quarter valued at about $113,000. 21.98% of the stock is owned by hedge funds and other institutional investors.

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About Weibo

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 (NASDAQ:WB)

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