Weibo (NASDAQ:WB) Trading Up 5.2%

Weibo Co. (NASDAQ:WB - Get Free Report) shot up 5.2% during mid-day trading on Monday . The stock traded as high as $9.58 and last traded at $9.56. 252,579 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,266,429 shares. The stock had previously closed at $9.09.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WB shares. Bank of America cut Weibo from a "buy" rating to an "underperform" rating and lowered their price target for the company from $19.50 to $10.00 in a research report on Thursday, January 11th. StockNews.com lowered Weibo from a "buy" rating to a "hold" rating in a research note on Friday, January 19th. The Goldman Sachs Group reissued a "neutral" rating and set a $10.60 price objective on shares of Weibo in a research note on Thursday. HSBC reduced their price objective on Weibo from $13.60 to $9.80 and set a "hold" rating for the company in a research note on Friday, March 15th. Finally, UBS Group raised Weibo from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $12.90 to $11.50 in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $11.98.

Weibo Trading Up 3.5 %

The company has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $10.37. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 2.38. The company has a market capitalization of $2.20 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43.

Weibo Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, April 12th will be paid a $0.80 dividend. The ex-dividend date is Thursday, April 11th.

Hedge Funds Weigh In On Weibo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in Weibo by 149.2% during the first quarter. UBS Group AG now owns 5,059,287 shares of the information services provider's stock valued at $124,002,000 after purchasing an additional 3,029,114 shares in the last quarter. Norges Bank bought a new position in Weibo in the 4th quarter worth approximately $39,154,000. Goldman Sachs Group Inc. raised its position in shares of Weibo by 199.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,075,326 shares of the information services provider's stock valued at $33,675,000 after acquiring an additional 2,047,135 shares during the last quarter. RPD Fund Management LLC bought a new stake in shares of Weibo during the 2nd quarter valued at $25,718,000. Finally, Maple Rock Capital Partners Inc. increased its position in shares of Weibo by 183.5% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 2,834,725 shares of the information services provider's stock valued at $56,865,000 after buying an additional 1,834,725 shares in the last quarter. 68.77% of the stock is currently owned by institutional investors.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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.