BidaskClub downgraded shares of Weibo (NASDAQ:WB) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.
Other equities analysts also recently issued reports about the stock. UBS initiated coverage on shares of Weibo in a report on Tuesday, January 2nd. They issued a buy rating and a $125.00 price target on the stock. Zacks Investment Research raised shares of Weibo from a hold rating to a buy rating and set a $156.00 price target on the stock in a report on Friday, February 16th. Benchmark boosted their price target on shares of Weibo from $110.00 to $148.00 and gave the stock a buy rating in a report on Wednesday, February 14th. ValuEngine raised shares of Weibo from a hold rating to a buy rating in a report on Thursday, March 1st. Finally, Jefferies Group upped their price objective on shares of Weibo to $160.00 and gave the company a buy rating in a report on Tuesday, March 13th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Weibo has a consensus rating of Buy and a consensus price target of $124.50.
Shares of NASDAQ:WB opened at $117.14 on Friday. The company has a current ratio of 4.22, a quick ratio of 2.23 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $25,130.25, a P/E ratio of 75.09 and a beta of 2.60. Weibo has a fifty-two week low of $49.77 and a fifty-two week high of $142.12.
Weibo (NASDAQ:WB) last issued its quarterly earnings results on Tuesday, February 13th. The information services provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The company had revenue of $377.40 million for the quarter, compared to the consensus estimate of $362.04 million. Weibo had a net margin of 30.66% and a return on equity of 35.57%. The firm’s quarterly revenue was up 77.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. analysts expect that Weibo will post 2.58 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WB. Sequoia Financial Advisors LLC purchased a new stake in shares of Weibo in the fourth quarter worth about $203,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Weibo in the fourth quarter worth about $208,000. YorkBridge Wealth Partners LLC lifted its holdings in shares of Weibo by 70.2% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock worth $212,000 after buying an additional 743 shares in the last quarter. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Weibo in the fourth quarter worth about $218,000. Finally, Sterling Capital Management LLC purchased a new stake in shares of Weibo in the fourth quarter worth about $218,000. 22.40% of the stock is currently owned by institutional investors and hedge funds.
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Weibo 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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