Squarepoint Ops LLC Has $618,000 Stock Holdings in Weibo Corporation $WB

Squarepoint Ops LLC reduced its stake in Weibo Corporation (NASDAQ:WB) by 58.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,827 shares of the information services provider’s stock after selling 90,394 shares during the quarter. Squarepoint Ops LLC’s holdings in Weibo were worth $618,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Weibo by 497.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock valued at $6,865,000 after purchasing an additional 599,700 shares during the period. Marshall Wace LLP acquired a new position in Weibo in the second quarter valued at approximately $2,502,000. Prudential Financial Inc. boosted its holdings in shares of Weibo by 72.3% during the 2nd quarter. Prudential Financial Inc. now owns 484,800 shares of the information services provider’s stock worth $4,620,000 after buying an additional 203,500 shares in the last quarter. American Century Companies Inc. grew its position in shares of Weibo by 48.7% during the 2nd quarter. American Century Companies Inc. now owns 588,845 shares of the information services provider’s stock worth $5,612,000 after buying an additional 192,955 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Weibo during the 2nd quarter worth approximately $1,412,000. 68.77% of the stock is currently owned by institutional investors.

Weibo Stock Performance

NASDAQ:WB opened at $10.08 on Wednesday. The company has a market cap of $2.46 billion, a PE ratio of 5.73, a PEG ratio of 4.80 and a beta of 0.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.35 and a quick ratio of 3.35. Weibo Corporation has a one year low of $7.10 and a one year high of $12.96. The firm has a 50-day moving average of $10.47 and a 200-day moving average of $10.71.

Analyst Upgrades and Downgrades

WB has been the topic of several research analyst reports. Wall Street Zen lowered shares of Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Weibo in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Weibo has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Weibo Company Profile

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.