Weibo (WB) Raised to Buy at BidaskClub

Weibo (NASDAQ:WB) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, January 10th.

A number of other research analysts also recently commented on the stock. Barclays increased their price objective on shares of Weibo to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, January 10th. Morgan Stanley began coverage on shares of Weibo in a research note on Friday, January 5th. They set an “overweight” rating and a $130.00 price objective on the stock. UBS Group began coverage on shares of Weibo in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $125.00 price target on the stock. ValuEngine downgraded shares of Weibo from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research downgraded shares of Weibo from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. Weibo presently has an average rating of “Buy” and a consensus target price of $104.85.

Weibo (NASDAQ WB) opened at $123.19 on Wednesday. Weibo has a one year low of $45.40 and a one year high of $128.37. The stock has a market cap of $26,930.00, a P/E ratio of 105.29 and a beta of 2.52.

Weibo (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 consensus estimate of $0.45 by $0.06. The company had revenue of $320.00 million during the quarter, compared to analyst estimates of $297.20 million. Weibo had a net margin of 26.85% and a return on equity of 30.00%. The business’s quarterly revenue was up 80.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. analysts anticipate that Weibo will post 1.51 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Weibo by 40.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,645 shares of the information services provider’s stock worth $708,000 after purchasing an additional 3,045 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Weibo by 740.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 27,335 shares of the information services provider’s stock worth $2,705,000 after buying an additional 24,083 shares during the period. Nicholas Investment Partners LP acquired a new position in shares of Weibo in the second quarter worth about $3,222,000. BT Investment Management Ltd acquired a new position in shares of Weibo in the second quarter worth about $63,749,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Weibo in the third quarter worth about $1,640,000. 21.95% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/01/17/weibo-wb-upgraded-to-buy-at-bidaskclub.html.

About Weibo

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.

Analyst Recommendations for Weibo (NASDAQ:WB)

Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply