Weibo (NASDAQ:WB) Trading Up 3.7%

Weibo Co. (NASDAQ:WB - Get Free Report)'s stock price shot up 3.7% during trading on Thursday . The stock traded as high as $8.09 and last traded at $8.06. 222,995 shares changed hands during trading, a decline of 90% from the average session volume of 2,287,278 shares. The stock had previously closed at $7.77.

Analyst Upgrades and Downgrades

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

Weibo Stock Up 3.7 %

The stock has a market cap of $1.89 billion, a P/E ratio of 5.61, a PEG ratio of 1.17 and a beta of 0.44. The company has a quick ratio of 2.38, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. The business has a 50-day simple moving average of $9.03 and a 200-day simple moving average of $10.08.

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

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 given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, April 11th.

Institutional Investors Weigh In On Weibo

Several hedge funds have recently modified their holdings of WB. ARGA Investment Management LP raised its stake in shares of Weibo by 14.5% in the fourth 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 shares of Weibo by 3.5% during the 4th quarter. Federated Hermes Inc. now owns 5,290,626 shares of the information services provider's stock worth $57,932,000 after purchasing an additional 179,482 shares during the last quarter. UBS Group AG increased its position in shares of Weibo by 149.2% during the 1st quarter. UBS Group AG now owns 5,059,287 shares of the information services provider's stock worth $124,002,000 after purchasing an additional 3,029,114 shares during the last quarter. BlackRock Inc. increased its position in shares of Weibo by 10.1% during the 1st quarter. BlackRock Inc. now owns 3,716,600 shares of the information services provider's stock worth $74,555,000 after purchasing an additional 340,154 shares during the last quarter. Finally, Krane Funds Advisors LLC increased its position in shares of Weibo by 14.4% during the 3rd quarter. Krane Funds Advisors LLC now owns 3,188,994 shares of the information services provider's stock worth $39,990,000 after purchasing an additional 401,004 shares during the last quarter. 68.77% of the stock is owned by institutional investors.

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.