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.
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.
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.
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