Weibo Co. (NASDAQ:WB) Given Consensus Recommendation of “Hold” by Analysts

Weibo Co. (NASDAQ:WB) has received a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $10.28.

WB has been the subject of several recent analyst reports. Benchmark reiterated a “hold” rating on shares of Weibo in a report on Wednesday, November 20th. StockNews.com raised shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th.

Weibo Trading Down 4.9 %

NASDAQ:WB opened at $10.01 on Monday. The stock has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $9.27. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 6.86 and a beta of 0.26. Weibo has a 1-year low of $7.03 and a 1-year high of $12.40. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WB. GF Fund Management CO. LTD. purchased a new position in Weibo in the fourth quarter valued at about $1,359,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Weibo by 3.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 377,609 shares of the information services provider’s stock valued at $3,606,000 after buying an additional 10,933 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of Weibo in the 4th quarter valued at approximately $214,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Weibo by 3.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,710 shares of the information services provider’s stock worth $2,786,000 after buying an additional 9,511 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in Weibo in the fourth quarter valued at approximately $6,853,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

About Weibo

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.