Weibo’s (WB) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Weibo (NASDAQ:WB) in a research note released on Wednesday morning,Weiss Ratings reports.

A number of other research firms have also commented on WB. Citigroup lifted their price objective on Weibo from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Wall Street Zen upgraded Weibo from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.00.

Weibo Price Performance

Shares of NASDAQ:WB opened at $11.39 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.65 and a quick ratio of 3.65. The business has a 50-day moving average of $11.65 and a two-hundred day moving average of $9.97. The stock has a market capitalization of $2.78 billion, a P/E ratio of 7.97 and a beta of 0.09. Weibo has a fifty-two week low of $7.10 and a fifty-two week high of $12.96.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Thursday, August 14th. The information services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $444.80 million for the quarter, compared to analyst estimates of $438.84 million. Weibo had a return on equity of 12.65% and a net margin of 21.10%.The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. On average, equities research analysts predict that Weibo will post 1.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Weibo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased its stake in Weibo by 35.1% during the first quarter. Wolverine Asset Management LLC now owns 127,140 shares of the information services provider’s stock valued at $1,204,000 after acquiring an additional 33,000 shares during the period. Krane Funds Advisors LLC grew its stake in shares of Weibo by 25.1% in the 1st quarter. Krane Funds Advisors LLC now owns 4,332,687 shares of the information services provider’s stock valued at $41,031,000 after purchasing an additional 868,643 shares during the period. QRG Capital Management Inc. grew its stake in shares of Weibo by 106.9% in the 1st quarter. QRG Capital Management Inc. now owns 36,680 shares of the information services provider’s stock valued at $347,000 after purchasing an additional 18,955 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Weibo in the 1st quarter valued at approximately $351,000. Finally, Nuveen LLC bought a new stake in shares of Weibo in the 1st quarter valued at approximately $690,000. 68.77% of the stock is currently owned by institutional investors.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute 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.