Weibo Corp. (WB) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Weibo Corp. (NASDAQ:WB) have been assigned an average recommendation of “Buy” from the ten analysts that are currently covering the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.83.
A number of brokerages recently weighed in on WB. T.H. Capital raised their price target on shares of Weibo Corp. from $38.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 7th. Jefferies Group reissued a “buy” rating and issued a $60.00 price target (up previously from $43.00) on shares of Weibo Corp. in a report on Monday, October 3rd. Citigroup Inc. began coverage on shares of Weibo Corp. in a report on Friday, August 5th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of Weibo Corp. from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Saturday, August 13th. Finally, Goldman Sachs Group Inc. raised their price target on shares of Weibo Corp. from $25.40 to $40.00 and gave the company a “neutral” rating in a report on Thursday, August 11th.
Shares of Weibo Corp. (NASDAQ:WB) traded up 1.38% during midday trading on Monday, hitting $44.89. The stock had a trading volume of 2,237,848 shares. The stock has a market cap of $9.31 billion, a PE ratio of 149.63 and a beta of 2.76. Weibo Corp. has a 52 week low of $12.09 and a 52 week high of $55.93. The stock has a 50-day moving average of $49.34 and a 200 day moving average of $38.64.
Institutional investors have recently made changes to their positions in the company. BlackRock Investment Management LLC boosted its stake in Weibo Corp. by 19.6% in the third quarter. BlackRock Investment Management LLC now owns 2,163 shares of the company’s stock valued at $108,000 after buying an additional 355 shares in the last quarter. Advisors Preferred LLC boosted its stake in Weibo Corp. by 833.0% in the third quarter. Advisors Preferred LLC now owns 3,107 shares of the company’s stock valued at $156,000 after buying an additional 2,774 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Weibo Corp. during the third quarter valued at approximately $168,000. Advisor Group Inc. bought a new stake in Weibo Corp. during the third quarter valued at approximately $145,000. Finally, BlackRock Inc. boosted its stake in Weibo Corp. by 0.9% in the second quarter. BlackRock Inc. now owns 4,159 shares of the company’s stock valued at $118,000 after buying an additional 39 shares in the last quarter. 13.77% of the stock is currently owned by institutional investors.
Weibo Corp. Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
Receive News & Stock Ratings for Weibo Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo Corp. and related stocks with our FREE daily email newsletter.