Shares of Weibo Corp (NASDAQ:WB) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $76.57.
A number of analysts have recently commented on the stock. Credit Suisse Group restated a “buy” rating and set a $72.00 target price on shares of Weibo in a report on Thursday, February 14th. Zacks Investment Research upgraded shares of Weibo from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Jefferies Financial Group cut shares of Weibo from a “buy” rating to a “hold” rating and dropped their target price for the company from $83.00 to $58.00 in a report on Thursday, January 24th. BidaskClub upgraded shares of Weibo from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Nomura cut shares of Weibo from a “buy” rating to a “neutral” rating and dropped their target price for the company from $74.00 to $61.00 in a report on Tuesday, January 22nd.
Shares of NASDAQ WB traded up $0.35 during mid-day trading on Friday, hitting $71.50. The stock had a trading volume of 908,537 shares, compared to its average volume of 1,835,559. The company has a quick ratio of 3.99, a current ratio of 3.92 and a debt-to-equity ratio of 0.51. Weibo has a 1 year low of $51.15 and a 1 year high of $128.17. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.16 and a beta of 2.02.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new position in Weibo in the fourth quarter valued at about $161,521,000. Genesis Asset Managers LLP acquired a new stake in Weibo in the fourth quarter worth about $104,219,000. DSM Capital Partners LLC boosted its holdings in Weibo by 1,996.4% in the fourth quarter. DSM Capital Partners LLC now owns 1,335,749 shares of the information services provider’s stock worth $78,048,000 after acquiring an additional 1,272,034 shares in the last quarter. Norges Bank acquired a new stake in Weibo in the fourth quarter worth about $36,324,000. Finally, TB Alternative Assets Ltd. acquired a new stake in Weibo in the first quarter worth about $35,148,000. 24.58% of the stock is owned by hedge funds and other institutional investors.
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through 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.
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