Weibo (NASDAQ:WB) had its target price lifted by stock analysts at Barclays to $135.00 in a research report issued to clients and investors on Wednesday, January 10th, The Fly reports. The firm currently has an “overweight” rating on the information services provider’s stock. Barclays’ target price indicates a potential upside of 3.80% from the company’s current price.
A number of other research analysts have also recently commented on WB. BidaskClub raised shares of Weibo from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Citigroup reaffirmed a “buy” rating and issued a $126.00 target price (up previously from $102.00) on shares of Weibo in a research report on Thursday, September 14th. ValuEngine cut shares of Weibo from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of Weibo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, UBS Group started coverage on shares of Weibo in a research report on Tuesday, January 2nd. They set a “buy” rating and a $125.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $104.85.
Weibo (NASDAQ WB) traded up $0.49 during trading on Wednesday, hitting $130.06. 1,960,671 shares of the stock were exchanged, compared to its average volume of 1,500,000. The stock has a market capitalization of $28,440.00, a price-to-earnings ratio of 111.16 and a beta of 2.52. Weibo has a fifty-two week low of $47.15 and a fifty-two week high of $136.19.
Weibo (NASDAQ:WB) last announced its quarterly earnings results on Tuesday, November 7th. The information services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Weibo had a net margin of 26.85% and a return on equity of 30.00%. The firm had revenue of $320.00 million for the quarter, compared to analysts’ expectations of $297.20 million. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s revenue was up 80.9% compared to the same quarter last year. sell-side analysts anticipate that Weibo will post 1.51 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in WB. NEXT Financial Group Inc increased its stake in Weibo by 9,900.0% in the third quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock valued at $100,000 after purchasing an additional 990 shares during the last quarter. YorkBridge Wealth Partners LLC purchased a new position in Weibo in the third quarter valued at approximately $105,000. Risk Paradigm Group LLC purchased a new position in Weibo in the third quarter valued at approximately $109,000. Castleark Management LLC purchased a new position in Weibo in the second quarter valued at approximately $110,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in shares of Weibo during the fourth quarter worth approximately $208,000. Institutional investors own 22.08% of the company’s stock.
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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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