Credit Suisse Group lowered shares of Weibo (NASDAQ:WB) from an outperform rating to a neutral rating in a research note published on Thursday, Briefing.com Automated Import reports.
Other equities analysts have also issued research reports about the company. BidaskClub upgraded Weibo from a hold rating to a buy rating in a research note on Wednesday, October 16th. Nomura set a $48.00 price target on Weibo and gave the stock a hold rating in a research report on Wednesday, August 21st. Zacks Investment Research downgraded Weibo from a buy rating to a hold rating in a research report on Saturday, October 26th. Jefferies Financial Group raised Weibo from a hold rating to a buy rating and set a $59.00 price target on the stock in a research report on Friday, October 18th. Finally, Barclays set a $55.00 price target on Weibo and gave the stock a buy rating in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Weibo currently has a consensus rating of Hold and a consensus price target of $55.73.
Shares of WB stock traded up $0.11 on Thursday, hitting $43.55. 4,577,300 shares of the stock were exchanged, compared to its average volume of 2,077,702. The firm has a market capitalization of $9.78 billion, a P/E ratio of 17.28 and a beta of 2.23. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.44. Weibo has a fifty-two week low of $34.26 and a fifty-two week high of $74.68. The business has a 50-day moving average of $48.75 and a 200 day moving average of $46.23.
Hedge funds have recently modified their holdings of the business. Private Capital Group LLC acquired a new stake in shares of Weibo in the 2nd quarter valued at $36,000. Daiwa Securities Group Inc. acquired a new stake in shares of Weibo in the 3rd quarter valued at $55,000. North Star Investment Management Corp. acquired a new stake in shares of Weibo in the 3rd quarter valued at $85,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Weibo in the 2nd quarter valued at $144,000. Finally, NN Investment Partners Holdings N.V. boosted its holdings in shares of Weibo by 48.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 4,000 shares of the information services provider’s stock valued at $174,000 after purchasing an additional 1,300 shares in the last quarter. 25.73% of the stock is currently owned by hedge funds and other institutional investors.
Weibo Company Profile
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.
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