Weibo (NASDAQ:WB) Shares Gap Down – Here’s What Happened

Weibo Corporation (NASDAQ:WB) gapped down before the market opened on Friday . The stock had previously closed at $9.27, but opened at $8.75. Weibo shares last traded at $8.8860, with a volume of 174,269 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Weibo in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Weibo Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 3.39 and a quick ratio of 3.35. The company’s fifty day simple moving average is $9.41 and its two-hundred day simple moving average is $10.25. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 5.20, a P/E/G ratio of 4.86 and a beta of 0.20.

Weibo (NASDAQ:WB) last released its quarterly earnings data on Thursday, March 19th. The information services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.07). Weibo had a return on equity of 10.63% and a net margin of 25.55%.The business had revenue of $473.26 million for the quarter, compared to analyst estimates of $444.28 million. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that Weibo Corporation will post 1.62 earnings per share for the current year.

Weibo Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, April 17th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, April 17th. This represents a yield of 690.0%. Weibo’s dividend payout ratio is presently 47.06%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WB. AQR Capital Management LLC purchased a new stake in shares of Weibo in the first quarter valued at about $117,000. 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 valued at $6,865,000 after purchasing an additional 599,700 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Weibo in the second quarter valued at about $2,502,000. Daiwa Securities Group Inc. purchased a new stake in shares of Weibo in the second quarter valued at about $61,000. Finally, Raymond James Financial Inc. raised its holdings in shares of Weibo by 139.5% in the second quarter. Raymond James Financial Inc. now owns 47,852 shares of the information services provider’s stock valued at $456,000 after purchasing an additional 27,868 shares during the last quarter. Institutional investors and hedge funds own 68.77% of the company’s stock.

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.