Jefferies Financial Group Inc. Sells 2,094,426 Shares of Weibo Corporation (NASDAQ:WB)

Jefferies Financial Group Inc. trimmed its stake in shares of Weibo Corporation (NASDAQ:WB - Free Report) by 97.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,574 shares of the information services provider's stock after selling 2,094,426 shares during the period. Jefferies Financial Group Inc.'s holdings in Weibo were worth $526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Krane Funds Advisors LLC grew its position in Weibo by 25.1% during 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. Vanguard Group Inc. grew its holdings in shares of Weibo by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 2,811,872 shares of the information services provider's stock valued at $26,853,000 after buying an additional 52,598 shares in the last quarter. Saba Capital Management L.P. raised its position in 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 buying an additional 131,155 shares during the period. Causeway Capital Management LLC lifted its stake in Weibo by 14.8% in the 4th quarter. Causeway Capital Management LLC now owns 2,259,267 shares of the information services provider's stock worth $21,576,000 after acquiring an additional 292,086 shares in the last quarter. Finally, RPD Fund Management LLC purchased a new stake in Weibo in the 4th quarter worth about $19,115,000. Institutional investors and hedge funds own 68.77% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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, Weibo presently has an average rating of "Hold" and an average target price of $9.75.

Weibo Price Performance

Shares of WB stock traded up $0.17 during trading hours on Friday, hitting $9.89. The company had a trading volume of 901,277 shares, compared to its average volume of 786,175. Weibo Corporation has a 12 month low of $7.03 and a 12 month high of $12.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.72 and a current ratio of 2.72. The firm's fifty day moving average is $9.75 and its 200 day moving average is $9.54. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 7.17 and a beta of 0.10.

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, topping the consensus estimate of $0.38 by $0.07. The company had revenue of $396.86 million during the quarter, compared to analyst estimates of $394.21 million. Weibo had a net margin of 20.41% and a return on equity of 12.29%. The company's revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. On average, sell-side analysts predict that Weibo Corporation will post 1.62 EPS 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.