Weibo Corporation (NASDAQ:WB) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 8,555,181 shares, a drop of 15.7% from the May 15th total of 10,153,007 shares. Based on an average daily volume of 5,132,243 shares, the short-interest ratio is currently 1.7 days.

A number of institutional investors have recently modified their holdings of WB. Alta Advisers Ltd increased its position in shares of Weibo Corporation by 5.0% in the first quarter. Alta Advisers Ltd now owns 2,100 shares of the information services provider’s stock worth $110,000 after buying an additional 100 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Weibo Corporation by 183.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,774 shares of the information services provider’s stock worth $153,000 after buying an additional 2,443 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Weibo Corporation during the first quarter worth about $162,000. Victory Capital Management Inc. increased its position in shares of Weibo Corporation by 16.0% in the first quarter. Victory Capital Management Inc. now owns 3,894 shares of the information services provider’s stock worth $203,000 after buying an additional 537 shares in the last quarter. Finally, Hilton Capital Management LLC acquired a new position in shares of Weibo Corporation during the first quarter worth about $206,000. Institutional investors own 16.53% of the company’s stock.

Weibo Corporation (WB) opened at 71.10 on Monday. The stock has a market capitalization of $14.74 billion, a PE ratio of 108.05 and a beta of 2.62. The company has a 50-day moving average price of $69.87 and a 200-day moving average price of $54.30. Weibo Corporation has a 12-month low of $26.01 and a 12-month high of $82.28.

Weibo Corporation (NASDAQ:WB) last posted its earnings results on Tuesday, May 16th. The information services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $199.20 million for the quarter, compared to analyst estimates of $188.29 million. Weibo Corporation had a return on equity of 20.00% and a net margin of 20.10%. Weibo Corporation’s revenue for the quarter was up 67.0% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. Analysts expect that Weibo Corporation will post $1.51 earnings per share for the current fiscal year.

WB has been the topic of several research reports. Zacks Investment Research cut Weibo Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $67.00 price objective on shares of Weibo Corporation in a research report on Tuesday, March 28th. T.H. Capital reaffirmed a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Weibo Corporation in a research report on Tuesday, May 9th. TheStreet raised Weibo Corporation from a “c” rating to a “b-” rating in a research report on Monday, April 17th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $85.00 price objective (up from $66.00) on shares of Weibo Corporation in a research report on Wednesday, May 17th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Weibo Corporation has an average rating of “Buy” and an average price target of $66.95.

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Weibo Corporation 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.

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