Other equities analysts have also recently issued reports about the company. Credit Suisse Group cut Weibo from an outperform rating to a neutral rating in a report on Tuesday, July 16th. TheStreet cut Weibo from a b- rating to a c+ rating in a report on Friday, May 31st. HSBC cut Weibo from a hold rating to a reduce rating and set a $45.54 target price on the stock. in a report on Friday, May 24th. BidaskClub cut Weibo from a sell rating to a strong sell rating in a report on Wednesday, May 22nd. Finally, Jefferies Financial Group assumed coverage on Weibo in a report on Monday, August 5th. They issued a hold rating and a $43.60 target price on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $56.79.
Weibo stock opened at $39.62 on Tuesday. Weibo has a 52-week low of $34.26 and a 52-week high of $83.35. The stock’s 50 day moving average price is $39.55 and its two-hundred day moving average price is $53.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.44 and a current ratio of 3.44. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 15.72 and a beta of 2.21.
A number of large investors have recently modified their holdings of WB. Private Capital Group LLC purchased a new stake in shares of Weibo during the 2nd quarter valued at $36,000. FTB Advisors Inc. increased its position in shares of Weibo by 2,010.0% during the 1st quarter. FTB Advisors Inc. now owns 422 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 402 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Weibo by 0.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 167,656 shares of the information services provider’s stock valued at $10,393,000 after purchasing an additional 500 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Weibo by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,806 shares of the information services provider’s stock valued at $3,955,000 after purchasing an additional 513 shares during the last quarter. Finally, Cornerstone Advisors Inc. purchased a new stake in shares of Weibo during the 1st quarter valued at $35,000. Institutional investors and hedge funds own 25.25% of the company’s stock.
Weibo Company Profile
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.
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