Weibo (NASDAQ:WB) Stock Crosses Above 50 Day Moving Average - What's Next?

Weibo Corporation (NASDAQ:WB - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.61 and traded as high as $9.94. Weibo shares last traded at $9.78, with a volume of 1,109,974 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Weibo from a "buy" rating to a "hold" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Weibo has a consensus rating of "Hold" and a consensus price target of $9.75.

Weibo Price Performance

The company's fifty day moving average is $8.73 and its two-hundred day moving average is $9.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 6.80 and a beta of 0.10.

Weibo (NASDAQ:WB - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The information services provider reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. Weibo had a return on equity of 12.29% and a net margin of 20.41%. The company had revenue of $396.86 million for the quarter, compared to analysts' expectations of $394.21 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The firm's quarterly revenue was up .4% on a year-over-year basis. Equities research analysts forecast that Weibo Corporation will post 1.62 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. acquired a new stake in Weibo during the 4th quarter valued at approximately $981,000. BNP Paribas Financial Markets boosted its stake in shares of Weibo by 51.8% during the 4th quarter. BNP Paribas Financial Markets now owns 126,192 shares of the information services provider's stock valued at $1,205,000 after buying an additional 43,086 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of Weibo by 1,003.7% during the 4th quarter. E Fund Management Co. Ltd. now owns 458,206 shares of the information services provider's stock valued at $4,376,000 after buying an additional 416,690 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Weibo by 24.6% during the fourth quarter. New York State Common Retirement Fund now owns 276,349 shares of the information services provider's stock worth $2,639,000 after buying an additional 54,600 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Weibo by 61.7% in the fourth quarter. Northern Trust Corp now owns 178,201 shares of the information services provider's stock worth $1,702,000 after buying an additional 68,023 shares during 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, discover, and distribute 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.