Weibo (WB) Cut to “Buy” at ValuEngine

ValuEngine cut shares of Weibo (NASDAQ:WB) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday.

Several other equities analysts have also recently weighed in on WB. BidaskClub cut shares of Weibo from a strong-buy rating to a buy rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of Weibo from a hold rating to a buy rating and set a $153.00 target price for the company in a research note on Friday, February 23rd. Benchmark raised their target price on shares of Weibo from $110.00 to $148.00 and gave the company a buy rating in a research note on Wednesday, February 14th. Jefferies Group lifted their price objective on shares of Weibo to $160.00 and gave the stock a buy rating in a research note on Tuesday, March 13th. Finally, Barclays reissued an overweight rating and issued a $150.00 price objective on shares of Weibo in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $134.67.

Weibo opened at $101.62 on Wednesday, according to Marketbeat Ratings. The firm has a market cap of $22.52 billion, a P/E ratio of 65.14 and a beta of 2.61. Weibo has a fifty-two week low of $65.65 and a fifty-two week high of $142.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.99 and a quick ratio of 3.99.

Weibo (NASDAQ:WB) last posted its earnings results on Wednesday, May 9th. The information services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.08. The company had revenue of $319.90 million during the quarter, compared to analysts’ expectations of $343.91 million. Weibo had a net margin of 31.12% and a return on equity of 36.15%. Weibo’s quarterly revenue was up 60.6% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share. research analysts predict that Weibo will post 2.72 EPS for the current year.

Several large investors have recently modified their holdings of the business. Hilton Capital Management LLC lifted its holdings in shares of Weibo by 243.0% in the 4th quarter. Hilton Capital Management LLC now owns 13,550 shares of the information services provider’s stock worth $1,402,000 after acquiring an additional 9,600 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Weibo by 49.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 11,837 shares of the information services provider’s stock worth $1,225,000 after acquiring an additional 3,927 shares during the last quarter. Neumann Advisory Hong Kong Ltd bought a new stake in shares of Weibo in the 4th quarter worth about $24,831,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Weibo by 13.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,045 shares of the information services provider’s stock worth $1,246,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Platinum Investment Management Ltd. lifted its holdings in shares of Weibo by 21.9% in the 4th quarter. Platinum Investment Management Ltd. now owns 400,016 shares of the information services provider’s stock worth $41,385,000 after acquiring an additional 71,990 shares during the last quarter. 22.52% of the stock is owned by institutional investors and hedge funds.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Weibo (NASDAQ:WB)

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