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

Jefferies Financial Group Inc. lessened its stake in shares of Weibo Corporation (NASDAQ:WB - Free Report) by 97.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,574 shares of the information services provider's stock after selling 2,094,426 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Weibo were worth $526,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SIH Partners LLLP boosted its stake in Weibo by 8.0% during the fourth quarter. SIH Partners LLLP now owns 20,200 shares of the information services provider's stock valued at $193,000 after buying an additional 1,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Weibo by 22.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,653 shares of the information services provider's stock valued at $110,000 after acquiring an additional 2,135 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Weibo by 9.2% during the 4th quarter. Franklin Resources Inc. now owns 29,986 shares of the information services provider's stock valued at $286,000 after acquiring an additional 2,522 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Weibo by 26.5% during the fourth 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. Finally, Shell Asset Management Co. bought a new position in shares of Weibo in the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 68.77% of the company's stock.

Weibo Stock Down 0.3%

Shares of WB traded down $0.03 during mid-day trading on Thursday, reaching $9.72. The company had a trading volume of 382,904 shares, compared to its average volume of 802,865. Weibo Corporation has a 52 week low of $7.03 and a 52 week 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 company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 7.04 and a beta of 0.10. The firm has a 50-day moving average price of $9.74 and a 200 day moving average price of $9.54.

Weibo (NASDAQ:WB - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $396.86 million for the quarter, compared to the consensus estimate of $394.21 million. Weibo had a net margin of 20.41% and a return on equity of 12.29%. Weibo's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, sell-side analysts forecast that Weibo Corporation will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

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

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.