Other analysts have also issued research reports about the stock. CLSA dropped their price target on shares of Weibo from $45.00 to $42.70 and set a “buy” rating for the company in a research note on Wednesday. Zacks Investment Research downgraded shares of Weibo from a “hold” rating to a “sell” rating in a report on Wednesday. UBS Group downgraded shares of Weibo from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $27.80 in a report on Friday, March 11th. Benchmark reduced their price target on shares of Weibo from $70.00 to $56.00 and set a “buy” rating for the company in a report on Friday, March 4th. Finally, 86 Research raised shares of Weibo from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.20.
WB opened at $21.50 on Thursday. The company’s 50 day simple moving average is $23.26 and its 200 day simple moving average is $30.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.22 and a current ratio of 2.22. Weibo has a 1 year low of $18.62 and a 1 year high of $64.70. The stock has a market capitalization of $5.09 billion, a PE ratio of 11.62, a P/E/G ratio of 0.70 and a beta of 0.88.
Several hedge funds and other institutional investors have recently made changes to their positions in WB. Krane Funds Advisors LLC boosted its position in Weibo by 74.0% during the third quarter. Krane Funds Advisors LLC now owns 1,206,060 shares of the information services provider’s stock worth $57,276,000 after purchasing an additional 512,861 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Weibo during the fourth quarter worth approximately $143,502,000. Parallel Advisors LLC lifted its holdings in shares of Weibo by 331.3% during the fourth quarter. Parallel Advisors LLC now owns 828 shares of the information services provider’s stock worth $26,000 after buying an additional 636 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new position in shares of Weibo in the fourth quarter valued at $297,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Weibo by 14.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,227 shares of the information services provider’s stock valued at $581,000 after purchasing an additional 1,500 shares in the last quarter. 71.37% of the stock is owned by institutional investors and hedge funds.
About Weibo (Get Rating)
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.
- Get a free copy of the StockNews.com research report on Weibo (WB)
- Simply Good Foods Stock is Simply Looking Good Down Here
- Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15%
- Dynatrace: Fundamentals are Positive While Being Punished
- Analog Devices Is Ready To Scale New Highs Despite Tech Wreck
- Now’s The Time To Buy Disney (NYSE: DIS)
Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.