GF Fund Management CO. LTD. Sells 54,567 Shares of Weibo Corporation (NASDAQ:WB)

GF Fund Management CO. LTD. lowered its stake in shares of Weibo Corporation (NASDAQ:WB - Free Report) by 38.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 87,722 shares of the information services provider's stock after selling 54,567 shares during the period. GF Fund Management CO. LTD.'s holdings in Weibo were worth $831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. SIH Partners LLLP lifted its stake in shares of Weibo by 8.0% in the 4th quarter. SIH Partners LLLP now owns 20,200 shares of the information services provider's stock worth $193,000 after purchasing an additional 1,500 shares during the period. Franklin Resources Inc. lifted its stake in shares of Weibo by 9.2% in the 4th quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock worth $286,000 after purchasing an additional 2,522 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Weibo by 26.5% in the 4th quarter. Ameriprise Financial Inc. now owns 15,780 shares of the information services provider's stock worth $151,000 after purchasing an additional 3,307 shares during the period. Shell Asset Management Co. bought a new position in shares of Weibo in the 4th quarter worth approximately $54,000. Finally, Bridgefront Capital LLC lifted its stake in shares of Weibo by 50.7% in the 4th quarter. Bridgefront Capital LLC now owns 23,403 shares of the information services provider's stock worth $223,000 after purchasing an additional 7,869 shares during the period. Institutional investors own 68.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Weibo from a "buy" rating to a "hold" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $9.75.

Weibo Price Performance

Shares of WB stock traded down $0.03 on Friday, reaching $9.47. The company's stock had a trading volume of 383,941 shares, compared to its average volume of 1,619,384. The stock's fifty day simple moving average is $9.12 and its 200-day simple moving average is $9.46. Weibo Corporation has a 1 year low of $7.03 and a 1 year high of $12.40. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 6.86 and a beta of 0.11.

Weibo (NASDAQ:WB - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The information services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. Weibo had a net margin of 20.41% and a return on equity of 12.29%. The business had revenue of $396.86 million for the quarter, compared to analysts' expectations of $394.21 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The business's revenue was up .4% compared to the same quarter last year. Analysts forecast that Weibo Corporation will post 1.62 earnings per share for the current fiscal year.

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.