Krane Funds Advisors LLC Has $41.03 Million Position in Weibo Corporation (NASDAQ:WB)

Krane Funds Advisors LLC raised its position in Weibo Corporation (NASDAQ:WB - Free Report) by 25.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,332,687 shares of the information services provider's stock after purchasing an additional 868,643 shares during the period. Weibo makes up about 1.2% of Krane Funds Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Krane Funds Advisors LLC owned about 1.79% of Weibo worth $41,031,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Shell Asset Management Co. acquired a new stake in shares of Weibo during the fourth quarter worth $54,000. PARUS FINANCE UK Ltd bought a new position in Weibo in the fourth quarter valued at $99,000. Virtu Financial LLC bought a new position in Weibo in the fourth quarter valued at $117,000. Public Employees Retirement Association of Colorado bought a new position in Weibo in the fourth quarter valued at $133,000. Finally, Ameriprise Financial Inc. grew 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 valued at $151,000 after acquiring an additional 3,307 shares during the period. Institutional investors own 68.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Weibo from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Weibo presently 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 midday trading on Friday, reaching $9.47. The stock had a trading volume of 383,941 shares, compared to its average volume of 1,619,384. The firm has a 50 day simple moving average of $9.12 and a 200-day simple moving average of $9.46. Weibo Corporation has a one year low of $7.03 and a one year high of $12.40. The firm has a market cap of $2.30 billion, a PE ratio of 6.86 and a beta of 0.11. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.53.

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