BidaskClub upgraded shares of Weibo (NASDAQ:WB) from a hold rating to a buy rating in a research note issued to investors on Monday, February 4th.
A number of other research firms also recently weighed in on WB. ValuEngine upgraded Weibo from a sell rating to a hold rating in a research note on Monday, February 4th. Credit Suisse Group began coverage on Weibo in a report on Monday, February 4th. They set an outperform rating and a $72.00 price target for the company. Jefferies Financial Group cut Weibo from a buy rating to a hold rating and dropped their price target for the stock from $83.00 to $58.00 in a report on Thursday, January 24th. UBS Group cut Weibo from a buy rating to a neutral rating in a report on Wednesday, January 23rd. Finally, Nomura cut Weibo from a buy rating to a neutral rating and dropped their price objective for the company from $74.00 to $61.00 in a report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Weibo currently has a consensus rating of Hold and a consensus price target of $82.67.
Weibo stock traded down $0.18 during mid-day trading on Monday, hitting $72.07. The stock had a trading volume of 1,714,066 shares, compared to its average volume of 1,864,504. Weibo has a 12 month low of $51.15 and a 12 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 stock has a market cap of $15.25 billion, a price-to-earnings ratio of 46.20, a P/E/G ratio of 1.29 and a beta of 2.01.
Weibo (NASDAQ:WB) last released its quarterly earnings results on Wednesday, November 28th. The information services provider reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. The company had revenue of $460.20 million for the quarter, compared to analyst estimates of $459.68 million. Weibo had a return on equity of 38.71% and a net margin of 33.23%. Weibo’s revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. As a group, sell-side analysts expect that Weibo will post 2.46 EPS for the current year.
A number of hedge funds have recently modified their holdings of the stock. WealthTrust Arizona LLC grew its position in shares of Weibo by 56.8% in the 4th quarter. WealthTrust Arizona LLC now owns 472 shares of the information services provider’s stock valued at $28,000 after buying an additional 171 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Weibo by 1,328.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 600 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 558 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Weibo in the 4th quarter valued at about $44,000. Quantamental Technologies LLC acquired a new position in shares of Weibo in the 4th quarter valued at about $58,000. Finally, Exane Derivatives acquired a new position in shares of Weibo in the 4th quarter valued at about $64,000. Institutional investors and hedge funds own 23.96% of the company’s stock.
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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