ARGA Investment Management LP Invests $647,000 in Weibo Corporation $WB

ARGA Investment Management LP bought a new stake in shares of Weibo Corporation (NASDAQ:WB) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 52,156 shares of the information services provider’s stock, valued at approximately $647,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WB. Daiwa Securities Group Inc. acquired a new position in shares of Weibo during the second quarter worth $61,000. AQR Capital Management LLC acquired a new stake in shares of Weibo during the first quarter valued at about $117,000. Fox Run Management L.L.C. purchased a new stake in shares of Weibo during the second quarter worth about $136,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of Weibo in the second quarter worth about $155,000. Finally, Marex Group plc purchased a new position in Weibo in the second quarter valued at about $169,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weibo in a research report on Wednesday. Wall Street Zen cut shares of Weibo from a “buy” rating to a “hold” rating in a report 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Weibo Price Performance

Shares of NASDAQ WB opened at $10.77 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.35 and a quick ratio of 3.35. The firm has a market capitalization of $2.63 billion, a PE ratio of 6.12, a P/E/G ratio of 5.66 and a beta of 0.13. Weibo Corporation has a 1-year low of $7.10 and a 1-year high of $12.96. The business’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $10.86.

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.