BNP Paribas Financial Markets Has $9.55 Million Holdings in Weibo Co. (NASDAQ:WB)

BNP Paribas Financial Markets increased its holdings in Weibo Co. (NASDAQ:WB - Free Report) by 408.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 872,496 shares of the information services provider's stock after purchasing an additional 700,758 shares during the period. BNP Paribas Financial Markets owned 0.37% of Weibo worth $9,554,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in shares of Weibo by 14.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 85,058 shares of the information services provider's stock worth $1,067,000 after buying an additional 10,668 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Weibo by 16.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 179,584 shares of the information services provider's stock valued at $2,252,000 after purchasing an additional 25,000 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Weibo by 0.8% during the 3rd quarter. California Public Employees Retirement System now owns 126,938 shares of the information services provider's stock worth $1,592,000 after purchasing an additional 1,026 shares during the period. Harvest Fund Management Co. Ltd increased its position in Weibo by 42.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 65,589 shares of the information services provider's stock worth $822,000 after purchasing an additional 19,653 shares in the last quarter. Finally, abrdn plc raised its holdings in Weibo by 7.6% in the third quarter. abrdn plc now owns 11,710 shares of the information services provider's stock valued at $147,000 after buying an additional 829 shares during the period. 68.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WB has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $10.60 price target on shares of Weibo in a research report on Thursday, March 28th. StockNews.com cut shares of Weibo from a "buy" rating to a "hold" rating in a research report on Friday, January 19th. Morgan Stanley cut shares of Weibo from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $11.00 to $10.00 in a research report on Friday. HSBC reduced their target price on shares of Weibo from $13.60 to $9.80 and set a "hold" rating on the stock in a research report on Friday, March 15th. Finally, UBS Group raised shares of Weibo from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $12.90 to $11.50 in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.65.

Weibo Stock Performance

WB stock traded down $0.38 during trading on Friday, hitting $9.66. 3,639,188 shares of the company's stock traded hands, compared to its average volume of 1,814,574. The stock has a fifty day moving average price of $9.04 and a two-hundred day moving average price of $9.60. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 1.52 and a beta of 0.40. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. Weibo Co. has a 52 week low of $7.58 and a 52 week high of $17.67.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.23 EPS for the quarter, missing the consensus estimate 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 return on equity of 10.77% and a net margin of 19.47%. As a group, equities analysts anticipate that Weibo Co. will post 1.64 EPS for the current fiscal year.

Weibo Cuts Dividend

The business 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 was Thursday, April 11th.

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.