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.
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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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