Caprock Group LLC Invests $611,000 in Weibo Corporation $WB

Caprock Group LLC bought a new stake in Weibo Corporation (NASDAQ:WB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 53,332 shares of the information services provider’s stock, valued at approximately $611,000.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Weibo by 497.1% in the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock worth $6,865,000 after acquiring an additional 599,700 shares during the last quarter. Marshall Wace LLP purchased a new stake in Weibo during the 2nd quarter worth about $2,502,000. Prudential Financial Inc. raised its stake in Weibo by 72.3% in the 2nd quarter. Prudential Financial Inc. now owns 484,800 shares of the information services provider’s stock valued at $4,620,000 after purchasing an additional 203,500 shares during the last quarter. American Century Companies Inc. lifted its holdings in Weibo by 48.7% in the 2nd quarter. American Century Companies Inc. now owns 588,845 shares of the information services provider’s stock valued at $5,612,000 after purchasing an additional 192,955 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Weibo during the 2nd quarter worth about $1,412,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Weibo in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Weibo Stock Performance

Shares of WB stock opened at $10.01 on Tuesday. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.45 billion, a PE ratio of 5.69, a P/E/G ratio of 5.21 and a beta of 0.15. The company’s fifty day simple moving average is $10.42 and its 200-day simple moving average is $10.90. Weibo Corporation has a 52 week low of $7.10 and a 52 week high of $12.96.

About Weibo

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.