Hhlr Advisors LTD. Makes New $947,000 Investment in Weibo Corporation $WB

Key Points

• Hhlr Advisors LTD. made a new investment in Weibo Corporation, acquiring 100,000 shares valued at approximately $947,000.
• Institutional investors collectively own 68.77% of Weibo's stock, with several firms, like Krane Funds Advisors LLC, significantly increasing their stakes recently.
• Weibo reported $0.54 EPS for the last quarter, surpassing expectations, with a year-over-year revenue increase of 1.6%.

Hhlr Advisors LTD. purchased a new stake in shares of Weibo Corporation (NASDAQ:WB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 100,000 shares of the information services provider's stock, valued at approximately $947,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Krane Funds Advisors LLC boosted its stake in Weibo by 25.1% in the 1st quarter. Krane Funds Advisors LLC now owns 4,332,687 shares of the information services provider's stock worth $41,031,000 after purchasing an additional 868,643 shares in the last quarter. Saba Capital Management L.P. increased its position in shares of Weibo by 5.9% during the fourth quarter. Saba Capital Management L.P. now owns 2,359,357 shares of the information services provider's stock valued at $22,532,000 after acquiring an additional 131,155 shares in the last quarter. RPD Fund Management LLC purchased a new position in Weibo in the 4th quarter worth approximately $19,115,000. Wellington Management Group LLP raised its stake in Weibo by 1.7% during 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 buying an additional 18,241 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Weibo during the fourth quarter valued at approximately $6,853,000. Institutional investors own 68.77% of the company's stock.

Weibo Price Performance

Shares of Weibo stock opened at $11.46 on Monday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 8.01 and a beta of 0.08. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.31. The stock's 50-day simple moving average is $10.23 and its 200-day simple moving average is $9.63. Weibo Corporation has a 52 week low of $7.03 and a 52 week high of $12.40.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Weibo from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Citigroup boosted their price target on Weibo from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, August 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Weibo presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

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.

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