GF Fund Management CO. LTD. Has $831,000 Position in Weibo Corporation (NASDAQ:WB)

GF Fund Management CO. LTD. trimmed its position in shares of Weibo Corporation (NASDAQ:WB - Free Report) by 38.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC grew its stake in Weibo by 25.1% during the first quarter. Krane Funds Advisors LLC now owns 4,332,687 shares of the information services provider's stock worth $41,031,000 after buying an additional 868,643 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Weibo by 72.2% during the first quarter. Vontobel Holding Ltd. now owns 21,154 shares of the information services provider's stock worth $200,000 after buying an additional 8,872 shares during the last quarter. QRG Capital Management Inc. grew its stake in Weibo by 106.9% during the first quarter. QRG Capital Management Inc. now owns 36,680 shares of the information services provider's stock worth $347,000 after buying an additional 18,955 shares during the last quarter. Wellington Management Group LLP grew its stake in Weibo by 1,641.9% during the fourth quarter. Wellington Management Group LLP now owns 1,048,522 shares of the information services provider's stock worth $10,013,000 after buying an additional 988,327 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Weibo by 3.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 377,609 shares of the information services provider's stock valued at $3,606,000 after purchasing an additional 10,933 shares during the last quarter. 68.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $9.75.

Weibo Price Performance

Shares of WB traded up $0.14 during mid-day trading on Tuesday, hitting $9.77. 1,430,395 shares of the company traded hands, compared to its average volume of 1,615,056. Weibo Corporation has a one year low of $7.03 and a one 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 business has a 50-day moving average of $9.18 and a 200 day moving average of $9.46. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 7.08 and a beta of 0.11.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The information services provider reported $0.45 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.41 earnings per share. Weibo's revenue was up .4% compared to the same quarter last year. As a group, equities analysts expect that Weibo Corporation will post 1.62 earnings per share for the current fiscal 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.