Weibo Corporation (NASDAQ:WB) Shares Sold by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. trimmed its position in Weibo Corporation (NASDAQ:WB - Free Report) by 38.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,722 shares of the information services provider's stock after selling 54,567 shares during the quarter. GF Fund Management CO. LTD.'s holdings in Weibo were worth $831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in WB. SIH Partners LLLP grew its stake in Weibo by 8.0% in the fourth quarter. SIH Partners LLLP now owns 20,200 shares of the information services provider's stock valued at $193,000 after purchasing an additional 1,500 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Weibo by 9.2% during the fourth 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 in the last quarter. Ameriprise Financial Inc. boosted its position 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 in the last quarter. Shell Asset Management Co. purchased a new stake in Weibo in the fourth quarter valued at about $54,000. Finally, Bridgefront Capital LLC raised its stake in Weibo by 50.7% in the fourth quarter. Bridgefront Capital LLC now owns 23,403 shares of the information services provider's stock valued at $223,000 after buying an additional 7,869 shares during the last quarter. 68.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Weibo Stock Performance

Shares of WB traded down $0.03 during trading hours on Friday, reaching $9.47. 383,941 shares of the company traded hands, compared to its average volume of 1,616,418. The stock has a market capitalization of $2.30 billion, a P/E ratio of 6.86 and a beta of 0.11. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average price of $9.12 and a 200-day moving average price of $9.46. Weibo Corporation has a 12-month low of $7.03 and a 12-month high of $12.40.

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

Weibo 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.