Weibo (NASDAQ:WB) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.
Other analysts have also recently issued research reports about the company. BidaskClub cut Weibo from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Benchmark lowered their price target on Weibo from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Citigroup reiterated a “buy” rating and set a $126.00 price objective (up from $102.00) on shares of Weibo in a research report on Thursday, September 14th. Barclays increased their price objective on Weibo from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded Weibo from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Weibo has a consensus rating of “Buy” and a consensus price target of $97.31.
Weibo (NASDAQ:WB) traded down $0.87 during trading hours on Friday, hitting $103.46. The company’s stock had a trading volume of 606,300 shares, compared to its average volume of 1,640,000. Weibo has a 1 year low of $40.31 and a 1 year high of $123.00. The stock has a market cap of $22,810.00, a PE ratio of 88.43 and a beta of 2.52.
Several institutional investors have recently made changes to their positions in the company. NEXT Financial Group Inc grew 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 worth $100,000 after acquiring an additional 990 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in Weibo during the 3rd quarter worth approximately $105,000. Risk Paradigm Group LLC bought a new position in Weibo during the 3rd quarter worth approximately $109,000. Castleark Management LLC bought a new position in Weibo during the 2nd quarter worth approximately $110,000. Finally, Pinnacle Financial Partners Inc. bought a new position in Weibo during the 3rd quarter worth approximately $220,000. Hedge funds and other institutional investors own 21.95% of the company’s stock.
Weibo 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.
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