Weibo Corp (NASDAQ:WB) – Jefferies Group lifted their FY2020 earnings per share (EPS) estimates for shares of Weibo in a note issued to investors on Tuesday, Zacks Investment Research reports. Jefferies Group analyst K. Chan now anticipates that the information services provider will post earnings of $5.37 per share for the year, up from their previous forecast of $5.17. Jefferies Group currently has a “Buy” rating and a $160.00 target price on the stock.
A number of other brokerages have also commented on WB. BidaskClub upgraded Weibo from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their price target on Weibo from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. ValuEngine raised Weibo from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, February 24th. Finally, Morgan Stanley initiated coverage on Weibo in a research note on Friday, January 5th. They set an “overweight” rating and a $130.00 price objective on the stock. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Weibo has a consensus rating of “Buy” and a consensus price target of $124.50.
WB stock traded down $6.94 during midday trading on Thursday, reaching $127.20. The company had a trading volume of 2,361,381 shares, compared to its average volume of 1,906,748. The company has a market cap of $30,072.24, a price-to-earnings ratio of 80.51 and a beta of 2.57. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.23 and a current ratio of 4.22. Weibo has a 1-year low of $48.20 and a 1-year high of $142.12.
Weibo (NASDAQ:WB) last announced its quarterly earnings data on Tuesday, February 13th. The information services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $377.40 million during the quarter, compared to analyst estimates of $362.04 million. Weibo had a net margin of 30.66% and a return on equity of 35.57%. Weibo’s revenue was up 77.4% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS.
Institutional investors have recently modified their holdings of the stock. Harding Loevner LP lifted its position in Weibo by 2,621.2% during the third quarter. Harding Loevner LP now owns 95,403,043 shares of the information services provider’s stock worth $476,760,000 after acquiring an additional 91,897,142 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Weibo by 31.1% during the 3rd quarter. Schroder Investment Management Group now owns 2,300,656 shares of the information services provider’s stock valued at $225,672,000 after acquiring an additional 545,683 shares during the period. BlackRock Inc. grew its position in shares of Weibo by 15.0% during the 4th quarter. BlackRock Inc. now owns 3,251,990 shares of the information services provider’s stock valued at $336,452,000 after acquiring an additional 425,313 shares during the period. Acadian Asset Management LLC grew its position in shares of Weibo by 16.0% during the 4th quarter. Acadian Asset Management LLC now owns 1,994,583 shares of the information services provider’s stock valued at $206,361,000 after acquiring an additional 274,466 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Weibo by 2,256.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 279,287 shares of the information services provider’s stock valued at $28,894,000 after acquiring an additional 267,433 shares during the period. 22.40% of the stock is currently owned by institutional investors and hedge funds.
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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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