Caxton Associates LLP Makes New Investment in Weibo Corporation $WB

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) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 120,255 shares of the information services provider's stock, valued at approximately $1,139,000.

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

Weibo Trading Up 3.2%

NASDAQ WB traded up $0.40 during trading hours on Monday, reaching $12.65. The company had a trading volume of 1,210,309 shares, compared to its average volume of 1,372,718. The stock has a 50-day moving average of $10.67 and a 200 day moving average of $9.69. Weibo Corporation has a 1-year low of $7.10 and a 1-year high of $12.92. 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 has a market capitalization of $3.07 billion, a P/E ratio of 8.85 and a beta of 0.08.

Weibo (NASDAQ:WB - Get Free Report) last posted its earnings results on Thursday, August 14th. The information services provider reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.27. Weibo had a net margin of 21.10% and a return on equity of 12.65%. The company had revenue of $444.80 million for the quarter, compared to analysts' expectations of $438.84 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. Weibo's revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Weibo Corporation will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Weibo Company Profile

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.