Swiss National Bank increased its holdings in Weibo Corporation (NASDAQ:WB) by 13.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 95,328 shares of the information services provider’s stock after buying an additional 11,658 shares during the quarter. Swiss National Bank owned about 43,712.40% of Weibo Corporation worth $9,432,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC purchased a new position in Weibo Corporation in the third quarter worth about $105,000. Castleark Management LLC purchased a new position in Weibo Corporation in the second quarter worth about $110,000. Catamount Wealth Management purchased a new position in shares of Weibo Corporation during the 2nd quarter valued at about $113,000. Morse Asset Management Inc purchased a new position in shares of Weibo Corporation during the 3rd quarter valued at about $228,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Weibo Corporation by 301.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,006 shares of the information services provider’s stock valued at $626,000 after buying an additional 2,257 shares in the last quarter. 19.89% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently weighed in on the company. Barclays PLC lifted their price objective on Weibo Corporation from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Weibo Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Tuesday, November 14th. BidaskClub raised Weibo Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Benchmark Co. lowered their price target on Weibo Corporation from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $126.00 price target (up from $102.00) on shares of Weibo Corporation in a report on Thursday, September 14th. Ten equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $93.39.
Weibo Corporation (NASDAQ WB) opened at $120.43 on Tuesday. Weibo Corporation has a twelve month low of $40.12 and a twelve month high of $122.49. The company has a market capitalization of $25,601.44, a P/E ratio of 98.08 and a beta of 2.50.
Weibo Corporation (NASDAQ:WB) last released its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. Weibo Corporation had a return on equity of 30.00% and a net margin of 26.85%. The business had revenue of $320.00 million for the quarter, compared to the consensus estimate of $297.20 million. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s revenue was up 80.9% compared to the same quarter last year. analysts anticipate that Weibo Corporation will post 1.49 EPS for the current year.
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Weibo Corporation Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
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