Other equities analysts have also issued reports about the stock. Jefferies Financial Group reissued a buy rating and issued a $145.00 price objective on shares of Weibo in a research report on Tuesday, July 24th. Zacks Investment Research lowered shares of Weibo from a buy rating to a hold rating in a research report on Sunday, July 15th. ValuEngine raised shares of Weibo from a strong sell rating to a sell rating in a research report on Tuesday, October 2nd. Finally, BidaskClub lowered shares of Weibo from a buy rating to a hold rating in a research report on Tuesday, June 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $126.00.
Shares of WB traded down $1.38 during trading hours on Thursday, hitting $57.11. The company had a trading volume of 103,260 shares, compared to its average volume of 2,598,094. The firm has a market capitalization of $13.42 billion, a PE ratio of 37.60 and a beta of 2.33. Weibo has a 12 month low of $54.36 and a 12 month high of $142.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.97 and a quick ratio of 3.97.
A number of institutional investors have recently made changes to their positions in the business. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in Weibo by 28.2% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,590,940 shares of the information services provider’s stock worth $189,475,000 after buying an additional 569,900 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Weibo during the second quarter worth about $109,350,000. Russell Investments Group Ltd. grew its stake in Weibo by 12.7% during the second quarter. Russell Investments Group Ltd. now owns 545,238 shares of the information services provider’s stock worth $48,152,000 after buying an additional 61,633 shares in the last quarter. Northern Trust Corp grew its stake in Weibo by 11.2% during the second quarter. Northern Trust Corp now owns 456,056 shares of the information services provider’s stock worth $40,480,000 after buying an additional 45,960 shares in the last quarter. Finally, New Silk Road Investment PTE Ltd. acquired a new stake in Weibo during the third quarter worth about $31,344,000. Hedge funds and other institutional investors own 23.65% of the company’s stock.
Weibo Company Profile
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.
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