Voya Investment Management LLC bought a new stake in shares of Weibo Corporation (NASDAQ:WB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,626 shares of the information services provider’s stock, valued at approximately $307,000.

Several other large investors also recently modified their holdings of WB. Catamount Wealth Management acquired a new stake in shares of Weibo Corporation during the 2nd quarter valued at $113,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Weibo Corporation by 5.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,252 shares of the information services provider’s stock valued at $216,000 after purchasing an additional 155 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Weibo Corporation by 41.7% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,400 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 1,000 shares in the last quarter. Conning Inc. bought a new position in shares of Weibo Corporation during the 2nd quarter valued at $242,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new position in shares of Weibo Corporation during the 2nd quarter valued at $248,000. 19.54% of the stock is owned by institutional investors.

Weibo Corporation (NASDAQ:WB) opened at $108.58 on Tuesday. The company has a market cap of $23,263.18, a price-to-earnings ratio of 89.12 and a beta of 2.50. Weibo Corporation has a twelve month low of $40.12 and a twelve month high of $110.48.

Weibo Corporation (NASDAQ:WB) last posted its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Weibo Corporation had a net margin of 26.85% and a return on equity of 30.00%. The company had revenue of $320.00 million for the quarter, compared to the consensus estimate of $297.20 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue was up 80.9% compared to the same quarter last year. equities analysts expect that Weibo Corporation will post 1.49 earnings per share for the current year.

WB has been the topic of a number of recent research reports. BidaskClub downgraded shares of Weibo Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 7th. Citigroup Inc. restated a “buy” rating and set a $126.00 price target (up previously from $102.00) on shares of Weibo Corporation in a report on Thursday, September 14th. Instinet reiterated a “buy” rating and issued a $102.00 target price (up previously from $91.00) on shares of Weibo Corporation in a report on Friday, August 11th. Jefferies Group LLC dropped their target price on shares of Weibo Corporation from $105.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, August 10th. Finally, Benchmark Co. dropped their target price on shares of Weibo Corporation from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.61.

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Weibo Corporation 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.

Institutional Ownership by Quarter for Weibo Corporation (NASDAQ:WB)

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