Weibo Corporation (NASDAQ:WB - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.38 and traded as low as $6.97. Weibo shares last traded at $6.99, with a volume of 796,199 shares.
Analyst Ratings Changes
Several analysts recently issued reports on WB shares. Citigroup downgraded Weibo from a "buy" rating to a "neutral" rating and reduced their price target for the company from $9.30 to $7.80 in a research note on Thursday, August 20th. Benchmark reiterated a "hold" rating on shares of Weibo in a research report on Thursday, August 20th. Weiss Ratings reissued a "sell (d+)" rating on shares of Weibo in a report on Friday, July 24th. Jefferies Financial Group reissued a "buy" rating and issued a $9.80 target price on shares of Weibo in a research report on Thursday, May 28th. Finally, Zacks Research upgraded shares of Weibo from a "strong sell" rating to a "hold" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $8.80.
Get Our Latest Stock Report on Weibo
Weibo Trading Up 0.1%
The business has a 50 day moving average of $7.60 and a two-hundred day moving average of $8.38. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 5.78, a P/E/G ratio of 4.44 and a beta of 0.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.59 and a current ratio of 3.59.
Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The information services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $453.83 million for the quarter, compared to the consensus estimate of $442.45 million. Weibo had a net margin of 17.78% and a return on equity of 8.87%. Equities analysts predict that Weibo Corporation will post 1.19 EPS for the current year.
Institutional Investors Weigh In On Weibo
Several large investors have recently modified their holdings of WB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Weibo by 4.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,428 shares of the information services provider's stock valued at $514,000 after purchasing an additional 1,860 shares during the period. Vise Technologies Inc. raised its stake in shares of Weibo by 12.1% in the third quarter. Vise Technologies Inc. now owns 21,009 shares of the information services provider's stock valued at $261,000 after buying an additional 2,270 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Weibo by 14.6% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 18,674 shares of the information services provider's stock valued at $233,000 after buying an additional 2,378 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Weibo by 1.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 229,951 shares of the information services provider's stock valued at $2,350,000 after buying an additional 2,463 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Weibo by 337.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,876 shares of the information services provider's stock worth $34,000 after acquiring an additional 2,990 shares during the last quarter. Hedge funds and other institutional investors own 68.77% of the company's stock.
Weibo Company Profile
(
Get Free Report)
Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.
Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.
Further Reading
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