120,255 Shares in Weibo Corporation $WB Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired 120,255 shares of Weibo Corporation, valued at approximately $1,139,000, indicating growing interest from institutional investors.
• Weibo's shares recently received mixed analyst ratings, with Citigroup upgrading its price target to $14.00 while Wall Street Zen downgraded it to a "hold".
• In the latest earnings report, Weibo reported earnings per share of $0.54, exceeding expectations of $0.27, alongside a revenue of $444.80 million.

Caxton Associates LLP purchased a new stake in Weibo Corporation (NASDAQ:WB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 120,255 shares of the information services provider's stock, valued at approximately $1,139,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in shares of Weibo in the first quarter valued at about $117,000. Hhlr Advisors LTD. acquired a new stake in shares of Weibo in the first quarter valued at about $947,000. Resolute Advisors LLC acquired a new stake in shares of Weibo in the first quarter valued at about $208,000. Quantbot Technologies LP acquired a new stake in shares of Weibo in the first quarter valued at about $656,000. Finally, Wellington Management Group LLP increased its stake in shares of Weibo by 1.7% in the first quarter. Wellington Management Group LLP now owns 1,066,763 shares of the information services provider's stock valued at $10,102,000 after buying an additional 18,241 shares during the period. Institutional investors and hedge funds own 68.77% of the company's stock.

Analysts Set New Price Targets

Separately, Citigroup upped their target price on Weibo from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $14.00.

Weibo Stock Performance

Shares of NASDAQ WB traded up $0.34 during mid-day trading on Friday, hitting $12.25. The company had a trading volume of 1,498,322 shares, compared to its average volume of 1,332,214. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.57 and a beta of 0.08. Weibo Corporation has a 1 year low of $7.10 and a 1 year high of $12.40. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.31. The stock's 50-day moving average price is $10.67 and its 200-day moving average price is $9.71.

Weibo (NASDAQ:WB - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The information services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. The company had revenue of $444.80 million during the quarter, compared to analyst estimates of $438.84 million. Weibo had a return on equity of 12.65% and a net margin of 21.10%.Weibo's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, sell-side analysts forecast that Weibo Corporation will post 1.62 earnings per share for the current year.

About Weibo

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