Weibo (NASDAQ:WB) Trading Up 3.7%

Weibo Co. (NASDAQ:WB) shares were up 3.7% on Tuesday . The stock traded as high as $8.03 and last traded at $8.03. Approximately 684,788 shares traded hands during trading, a decline of 68% from the average daily volume of 2,143,400 shares. The stock had previously closed at $7.74.

Analyst Ratings Changes

Several research analysts have recently weighed in on WB shares. Morgan Stanley cut shares of Weibo from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $11.00 to $10.00 in a report on Friday, May 17th. HSBC decreased their price objective on shares of Weibo from $13.60 to $9.80 and set a “hold” rating for the company in a report on Friday, March 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $10.60 price objective on shares of Weibo in a report on Thursday, March 28th. Finally, UBS Group raised shares of Weibo from a “neutral” rating to a “buy” rating and reduced their target price for the company from $12.90 to $11.50 in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.65.

Weibo Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.57, a current ratio of 2.24 and a quick ratio of 2.24. The stock’s 50-day simple moving average is $8.74 and its two-hundred day simple moving average is $8.99. The firm has a market capitalization of $1.95 billion, a P/E ratio of 6.99, a price-to-earnings-growth ratio of 1.36 and a beta of 0.21.

Weibo (NASDAQ:WB) last issued its earnings results on Thursday, May 23rd. The information services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Weibo had a net margin of 16.74% and a return on equity of 10.92%. The firm had revenue of $395.50 million during the quarter, compared to analyst estimates of $396.50 million. Equities research analysts expect that Weibo Co. will post 1.48 EPS for the current year.

Institutional Investors Weigh In On Weibo

Several hedge funds and other institutional investors have recently made changes to their positions in WB. E Fund Management Co. Ltd. increased its stake in Weibo by 331.3% in the 4th quarter. E Fund Management Co. Ltd. now owns 309,136 shares of the information services provider’s stock worth $3,385,000 after buying an additional 237,453 shares during the period. Trexquant Investment LP grew its holdings in Weibo by 131.2% during the 4th quarter. Trexquant Investment LP now owns 152,655 shares of the information services provider’s stock worth $1,672,000 after acquiring an additional 86,641 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Weibo by 199.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,075,326 shares of the information services provider’s stock worth $33,675,000 after acquiring an additional 2,047,135 shares in the last quarter. Quadrature Capital Ltd grew its holdings in Weibo by 38.2% during the 3rd quarter. Quadrature Capital Ltd now owns 32,887 shares of the information services provider’s stock worth $413,000 after acquiring an additional 9,093 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Weibo by 408.0% during the 4th quarter. BNP Paribas Financial Markets now owns 872,496 shares of the information services provider’s stock worth $9,554,000 after acquiring an additional 700,758 shares in the last quarter. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.