Weiss Ratings Reaffirms Hold (C) Rating for Weibo (NASDAQ:WB)

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Weibo (NASDAQ:WB), amidst mixed analyst opinions with Citigroup raising the price target from $12.00 to $14.00 and giving it a "buy" rating.
• Weibo's stock recently traded at $12.63, showing a slight increase of 1.0%, with a market capitalization of approximately $3.06 billion.
• In their latest earnings report, Weibo exceeded analysts' expectations with $0.54 EPS and reported a revenue increase of 1.6% year-on-year, achieving $444.80 million for the quarter.

Weibo (NASDAQ:WB - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on the stock. Citigroup upped their price target on shares of Weibo from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Wall Street Zen upgraded shares of Weibo from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $14.00.

Weibo Trading Up 1.0%

Weibo stock traded up $0.13 during mid-day trading on Wednesday, reaching $12.63. 852,999 shares of the company traded hands, compared to its average volume of 1,364,848. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.65 and a quick ratio of 3.65. The firm's 50 day moving average price is $11.55 and its 200 day moving average price is $9.95. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 8.83 and a beta of 0.09. Weibo has a 52-week low of $7.10 and a 52-week high of $12.96.

Weibo (NASDAQ:WB - Get Free Report) last released its earnings results on Thursday, August 14th. The information services provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. The firm had revenue of $444.80 million for the quarter, compared to the consensus estimate of $438.84 million. Weibo had a net margin of 21.10% and a return on equity of 12.65%. The company's revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. On average, analysts anticipate that Weibo will post 1.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. purchased a new position in Weibo during the second quarter worth $61,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Weibo by 22.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,653 shares of the information services provider's stock worth $110,000 after purchasing an additional 2,135 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Weibo during the first quarter worth $117,000. Fox Run Management L.L.C. bought a new stake in shares of Weibo during the second quarter worth $136,000. Finally, Kathmere Capital Management LLC bought a new stake in shares of Weibo during the first quarter worth $147,000. 68.77% of the stock is owned by hedge funds and other institutional investors.

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.

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