Mirae Asset Global Investments Co. Ltd. Acquires 40,198 Shares of Weibo Co. (NASDAQ:WB)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Weibo Co. (NASDAQ:WB – Get Rating) by 48.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 122,686 shares of the information services provider’s stock after buying an additional 40,198 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.05% of Weibo worth $2,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in Weibo by 82.6% during the fourth quarter. Lindbrook Capital LLC now owns 1,497 shares of the information services provider’s stock worth $29,000 after buying an additional 677 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Weibo by 88.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 651 shares during the last quarter. Boston Partners purchased a new stake in shares of Weibo during the 3rd quarter valued at $76,000. US Bancorp DE lifted its holdings in shares of Weibo by 124.7% during the 1st quarter. US Bancorp DE now owns 5,512 shares of the information services provider’s stock valued at $135,000 after purchasing an additional 3,059 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Weibo by 171.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,496 shares of the information services provider’s stock valued at $162,000 after purchasing an additional 5,994 shares during the last quarter. Institutional investors own 27.46% of the company’s stock.

Weibo Trading Down 4.7 %

WB opened at $15.31 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.73 and a quick ratio of 3.73. The company’s 50 day simple moving average is $17.26 and its two-hundred day simple moving average is $18.28. Weibo Co. has a 1-year low of $10.02 and a 1-year high of $25.57. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 42.53, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

Weibo (NASDAQ:WB – Get Rating) last released its earnings results on Wednesday, March 1st. The information services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.21. The business had revenue of $448.00 million for the quarter, compared to analyst estimates of $438.61 million. Weibo had a net margin of 4.66% and a return on equity of 12.79%. Analysts expect that Weibo Co. will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

WB has been the topic of several analyst reports. StockNews.com began coverage on Weibo in a research report on Thursday, May 18th. They set a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Weibo in a research note on Monday, January 30th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Weibo has an average rating of “Hold” and an average price target of $27.90.

About Weibo

(Get Rating)

Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments. The company was founded in August 2009 and is headquartered in Beijing, China.