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NASDAQ:WBWeibo Stock Price, Forecast & News

$29.88
-3.21 (-9.70 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$29.70
Now: $29.88
$32.30
50-Day Range
$32.00
MA: $35.36
$37.53
52-Week Range
$29.50
Now: $29.88
$55.52
Volume6.39 million shs
Average Volume1.58 million shs
Market Capitalization$6.72 billion
P/E Ratio17.07
Dividend YieldN/A
Beta1.79
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted feeds, accounts, and trends and search products that enable its customers to promote their brands and conduct marketing activities. In addition, the company offers copyright content, such as TV channels, online video Websites, and operators with copyright content through traffic resource exchange and content traffic sharing; MCNs and other self-media to manage and provide services to content creators on Weibo, such as MCNs, unions, and e-commerce partners; other app developers an application platform, which allows users to log into third-party applications; and Weibo Wallet product that enables platform partners to conduct interest generation activities on Weibo. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation is a subsidiary of Sina Corporation.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars


Industry, Sector and Symbol

Industry Computer programming, data processing, & other computer related
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone86-10-5898-3095

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$2.31 per share
Book Value$10.14 per share

Profitability

Net Income$494.67 million

Miscellaneous

Employees4,350
Market Cap$6.72 billion
Next Earnings Date8/17/2020 (Estimated)
OptionableOptionable

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Weibo (NASDAQ:WB) Frequently Asked Questions

How has Weibo's stock been impacted by COVID-19 (Coronavirus)?

Weibo's stock was trading at $39.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WB shares have decreased by 24.9% and is now trading at $29.88. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Weibo?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Weibo in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Weibo.

When is Weibo's next earnings date?

Weibo is scheduled to release its next quarterly earnings announcement on Monday, August 17th 2020. View our earnings forecast for Weibo.

How were Weibo's earnings last quarter?

Weibo Corp (NASDAQ:WB) issued its quarterly earnings data on Tuesday, May, 19th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.06. The information services provider earned $323.40 million during the quarter, compared to analysts' expectations of $315.02 million. Weibo had a net margin of 23.44% and a return on equity of 18.49%. The company's quarterly revenue was down 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. View Weibo's earnings history.

What guidance has Weibo issued on next quarter's earnings?

Weibo updated its second quarter 2020 Pre-Market earnings guidance on Tuesday, May, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $380.016-401.607 million, compared to the consensus revenue estimate of $386 million.

What price target have analysts set for WB?

9 brokers have issued 12-month price objectives for Weibo's shares. Their forecasts range from $34.50 to $59.00. On average, they anticipate Weibo's stock price to reach $45.38 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price. View analysts' price targets for Weibo.

Has Weibo been receiving favorable news coverage?

News articles about WB stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Weibo earned a news impact score of -4.5 on InfoTrie's scale. They also assigned media coverage about the information services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutWeibo.

Are investors shorting Weibo?

Weibo saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 10,340,000 shares, an increase of 8.3% from the March 31st total of 9,550,000 shares. Based on an average daily trading volume, of 1,938,800 shares, the days-to-cover ratio is presently 5.3 days. Currently, 8.4% of the company's stock are short sold. View Weibo's Current Options Chain.

Who are some of Weibo's key competitors?

What other stocks do shareholders of Weibo own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Weibo investors own include Alibaba Group (BABA), NVIDIA (NVDA), JD.Com (JD), Micron Technology (MU), Netflix (NFLX), Baidu (BIDU), Momo (MOMO), Square (SQ), SINA (SINA) and Advanced Micro Devices (AMD).

Who are Weibo's key executives?

Weibo's management team includes the following people:
  • Mr. Gaofei Wang, Chief Exec. Officer (Age 40)
  • Ms. Fei Cao, CFO & VP of Fin. (Age 44)
  • Ms. Wen Li, Investor Relations Mang.
  • Mr. Jingdong Ge, VP of Marketing (Age 46)
  • Ms. Yajuan Wang, Sr. VP of Advter. Bus. (Age 50)

What is Weibo's stock symbol?

Weibo trades on the NASDAQ under the ticker symbol "WB."

Who are Weibo's major shareholders?

Weibo's stock is owned by many different institutional and retail investors. Top institutional investors include Invesco Ltd. (1.77%), Fisher Asset Management LLC (1.55%), BlackRock Inc. (1.10%), Federated Hermes Inc. (0.64%), ARGA Investment Management LP (0.48%) and Krane Funds Advisors LLC (0.44%).

Which major investors are selling Weibo stock?

WB stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Contrarius Investment Management Ltd, KBC Group NV, TB Alternative Assets Ltd., Fisher Asset Management LLC, Commerzbank Aktiengesellschaft FI, Neumann Advisory Hong Kong Ltd, and BlackRock Inc..

Which major investors are buying Weibo stock?

WB stock was purchased by a variety of institutional investors in the last quarter, including ARGA Investment Management LP, Invesco Ltd., Krane Funds Advisors LLC, Fiera Capital Corp, Federated Hermes Inc., Canada Pension Plan Investment Board, Engineers Gate Manager LP, and BI Asset Management Fondsmaeglerselskab A S.

How do I buy shares of Weibo?

Shares of WB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Weibo's stock price today?

One share of WB stock can currently be purchased for approximately $29.88.

How big of a company is Weibo?

Weibo has a market capitalization of $6.72 billion and generates $1.77 billion in revenue each year. The information services provider earns $494.67 million in net income (profit) each year or $2.18 on an earnings per share basis. Weibo employs 4,350 workers across the globe.

What is Weibo's official website?

The official website for Weibo is www.weibo.com.

How can I contact Weibo?

Weibo's mailing address is 8/F QIHAO PLAZA NO. 8 XINYUAN S. ROAD CHAOYANG DISTRICT, BEIJING F4, 100027. The information services provider can be reached via phone at 86-10-5898-3095 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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