Equities research analysts at Credit Suisse Group began coverage on shares of Weibo (NASDAQ:WB) in a research report issued on Monday, February 4th, Marketbeat reports. The brokerage set an “outperform” rating and a $72.00 price target on the information services provider’s stock. Credit Suisse Group’s target price would suggest a potential downside of 0.10% from the company’s previous close.
WB has been the subject of several other reports. Jefferies Financial Group cut Weibo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $83.00 to $58.00 in a research report on Thursday, January 24th. UBS Group cut Weibo from a “buy” rating to a “neutral” rating in a report on Wednesday, January 23rd. Nomura cut Weibo from a “buy” rating to a “neutral” rating and cut their price objective for the company from $74.00 to $61.00 in a report on Tuesday, January 22nd. Morgan Stanley cut Weibo from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 8th. Finally, Zacks Investment Research cut Weibo from a “hold” rating to a “sell” rating in a report on Sunday, January 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Weibo has a consensus rating of “Hold” and an average target price of $82.67.
WB stock traded down $0.18 during midday trading on Monday, hitting $72.07. 1,714,066 shares of the company traded hands, compared to its average volume of 1,864,504. Weibo has a twelve month low of $51.15 and a twelve month high of $139.41. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.56. The company has a market cap of $15.25 billion, a PE ratio of 46.20, a price-to-earnings-growth ratio of 1.29 and a beta of 2.01.
Weibo (NASDAQ:WB) last announced its quarterly earnings data on Wednesday, November 28th. The information services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $460.20 million for the quarter, compared to the consensus estimate of $459.68 million. Weibo had a net margin of 33.23% and a return on equity of 38.71%. Weibo’s quarterly revenue was up 43.8% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. As a group, equities analysts expect that Weibo will post 2.46 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Weibo by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 210,900 shares of the information services provider’s stock worth $12,338,000 after buying an additional 10,233 shares during the period. FMR LLC lifted its holdings in shares of Weibo by 21,207.0% during the 4th quarter. FMR LLC now owns 42,614 shares of the information services provider’s stock valued at $2,490,000 after purchasing an additional 42,414 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Weibo by 12.9% during the 4th quarter. Nordea Investment Management AB now owns 57,829 shares of the information services provider’s stock valued at $3,379,000 after purchasing an additional 6,613 shares in the last quarter. B. Riley Wealth Management Inc. lifted its holdings in shares of Weibo by 13.8% during the 4th quarter. B. Riley Wealth Management Inc. now owns 3,452 shares of the information services provider’s stock valued at $202,000 after purchasing an additional 419 shares in the last quarter. Finally, Oaktree Capital Management LP lifted its holdings in shares of Weibo by 6.1% during the 4th quarter. Oaktree Capital Management LP now owns 431,600 shares of the information services provider’s stock valued at $25,218,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 23.96% 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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