Weibo (NASDAQ:WB) Trading 4% Higher

Weibo Co. (NASDAQ:WB - Get Free Report) rose 4% on Tuesday . The company traded as high as $9.17 and last traded at $9.13. Approximately 254,897 shares traded hands during trading, a decline of 88% from the average daily volume of 2,213,224 shares. The stock had previously closed at $8.78.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group raised Weibo from a "neutral" rating to a "buy" rating and decreased their price target for the company from $12.90 to $11.50 in a research note on Tuesday, March 19th. HSBC decreased their price target on Weibo from $13.60 to $9.80 and set a "hold" rating on the stock in a research note on Friday, March 15th. Bank of America downgraded Weibo from a "buy" rating to an "underperform" rating and cut their price objective for the company from $19.50 to $10.00 in a report on Thursday, January 11th. StockNews.com downgraded Weibo from a "buy" rating to a "hold" rating in a report on Friday, January 19th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $10.60 price objective on shares of Weibo in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $11.98.

Weibo Stock Up 3.6 %

The business has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $10.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 2.51. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 1.33 and a beta of 0.44.

Weibo (NASDAQ:WB - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The information services provider reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.14). Weibo had a return on equity of 10.77% and a net margin of 19.47%. The company had revenue of $463.67 million for the quarter, compared to analyst estimates of $452.30 million. As a group, equities analysts predict that Weibo Co. will post 1.64 EPS for the current year.

Weibo Cuts Dividend

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

Institutional Trading of Weibo

Hedge funds have recently modified their holdings of the business. ARGA Investment Management LP increased its stake in Weibo by 14.5% in the 4th quarter. ARGA Investment Management LP now owns 6,825,571 shares of the information services provider's stock valued at $74,740,000 after purchasing an additional 864,120 shares in the last quarter. Federated Hermes Inc. increased its position in Weibo by 3.5% during the fourth quarter. Federated Hermes Inc. now owns 5,290,626 shares of the information services provider's stock worth $57,932,000 after buying an additional 179,482 shares in the last quarter. UBS Group AG increased its position 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 worth $124,002,000 after buying an additional 3,029,114 shares in the last quarter. BlackRock Inc. increased its position in Weibo by 10.1% during the first quarter. BlackRock Inc. now owns 3,716,600 shares of the information services provider's stock worth $74,555,000 after buying an additional 340,154 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its position in Weibo by 14.4% during the third quarter. Krane Funds Advisors LLC now owns 3,188,994 shares of the information services provider's stock worth $39,990,000 after buying an additional 401,004 shares in the last quarter. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Company Profile

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.