Weibo (NASDAQ:WB) Shares Down 3.4%

Shares of Weibo Co. (NASDAQ:WB - Get Free Report) were down 3.4% during mid-day trading on Friday . The company traded as low as $9.52 and last traded at $9.70. Approximately 1,455,748 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 2,202,325 shares. The stock had previously closed at $10.04.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com cut shares of Weibo from a "buy" rating to a "hold" rating in a research note on Friday, January 19th. UBS Group raised Weibo from a "neutral" rating to a "buy" rating and reduced their target price for the company from $12.90 to $11.50 in a research note on Tuesday, March 19th. HSBC dropped their price target on Weibo from $13.60 to $9.80 and set a "hold" rating for the company in a research note on Friday, March 15th. The Goldman Sachs Group reiterated a "neutral" rating and set a $10.60 price objective on shares of Weibo in a research report on Thursday, March 28th. Finally, Morgan Stanley downgraded Weibo from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $11.00 to $10.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Weibo presently has an average rating of "Hold" and a consensus price target of $11.65.

Weibo Stock Down 3.8 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 2.51. The firm has a market cap of $2.26 billion, a P/E ratio of 6.80, a P/E/G ratio of 1.46 and a beta of 0.40. The stock's 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $9.62.

Weibo (NASDAQ:WB - Get Free Report) last released 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). The firm had revenue of $463.67 million for the quarter, compared to the consensus estimate of $452.30 million. Weibo had a net margin of 19.47% and a return on equity of 10.77%. As a group, research analysts forecast that Weibo Co. will post 1.64 earnings per share for the current year.

Weibo Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Monday, May 13th. Investors of record on Friday, April 12th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Trading of Weibo

Large investors have recently added to or reduced their stakes in the business. E Fund Management Co. Ltd. raised its stake in shares of Weibo by 331.3% in the fourth quarter. E Fund Management Co. Ltd. now owns 309,136 shares of the information services provider's stock worth $3,385,000 after buying an additional 237,453 shares during the period. UBS Group AG lifted its holdings in Weibo by 1,360.0% during the third quarter. UBS Group AG now owns 2,268,124 shares of the information services provider's stock valued at $28,442,000 after purchasing an additional 2,112,773 shares in the last quarter. Quadrature Capital Ltd boosted its position in shares of Weibo by 38.2% in the third quarter. Quadrature Capital Ltd now owns 32,887 shares of the information services provider's stock worth $413,000 after purchasing an additional 9,093 shares during the period. Aviva PLC increased its stake in shares of Weibo by 6.8% in the third quarter. Aviva PLC now owns 47,259 shares of the information services provider's stock worth $593,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Weibo during the 3rd quarter valued at $1,181,000. 68.77% of the stock is currently 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.