FDx Advisors Inc. bought a new position in shares of Weibo Corporation (NASDAQ:WB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,958 shares of the information services provider’s stock, valued at approximately $392,000.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Weibo Corporation by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 165,119 shares of the information services provider’s stock valued at $8,616,000 after buying an additional 4,195 shares in the last quarter. Geode Capital Management LLC grew its holdings in Weibo Corporation by 20.3% in the 1st quarter. Geode Capital Management LLC now owns 70,163 shares of the information services provider’s stock valued at $3,650,000 after buying an additional 11,825 shares in the last quarter. State Street Corp grew its holdings in Weibo Corporation by 14.2% in the 1st quarter. State Street Corp now owns 513,031 shares of the information services provider’s stock valued at $26,771,000 after buying an additional 63,983 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in Weibo Corporation in the 2nd quarter valued at $338,000. Finally, Eqis Capital Management Inc. acquired a new position in Weibo Corporation in the 2nd quarter valued at $300,000. 19.89% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on WB shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Weibo Corporation in a report on Thursday, July 27th. Barclays PLC set a $100.00 target price on Weibo Corporation and gave the company an “overweight” rating in a research report on Friday, August 11th. Instinet reiterated a “buy” rating and set a $102.00 target price (up from $91.00) on shares of Weibo Corporation in a research report on Friday, August 11th. Zacks Investment Research upgraded Weibo Corporation from a “hold” rating to a “strong-buy” rating and set a $95.00 target price for the company in a research report on Tuesday, August 15th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $126.00 target price (up from $102.00) on shares of Weibo Corporation in a research report on Thursday, September 14th. Ten equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $93.39.
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Shares of Weibo Corporation (NASDAQ:WB) opened at $120.43 on Tuesday. The firm has a market capitalization of $25,601.44, a price-to-earnings ratio of 98.08 and a beta of 2.50. Weibo Corporation has a 1 year low of $40.12 and a 1 year high of $122.49.
Weibo Corporation (NASDAQ:WB) last announced its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $297.20 million. During the same period in the prior year, the company earned $0.24 EPS. Weibo Corporation’s revenue for the quarter was up 80.9% on a year-over-year basis. equities analysts expect that Weibo Corporation will post 1.49 EPS for the current year.
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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