Weibo Corporation (NASDAQ:WB) had its price objective hoisted by Barclays PLC from $100.00 to $120.00 in a research report report published on Tuesday morning. They currently have an overweight rating on the information services provider’s stock.

A number of other research firms have also issued reports on WB. BidaskClub raised Weibo Corporation from a hold rating to a buy rating in a report on Thursday, November 9th. Zacks Investment Research raised Weibo Corporation from a hold rating to a buy rating and set a $118.00 price objective on the stock in a report on Tuesday. Citigroup Inc. reaffirmed a buy rating and set a $126.00 price objective (up previously from $102.00) on shares of Weibo Corporation in a report on Thursday, September 14th. Benchmark Co. dropped their price objective on Weibo Corporation from $110.00 to $95.00 and set a buy rating on the stock in a report on Wednesday, November 8th. Finally, Jefferies Group LLC dropped their price objective on Weibo Corporation from $105.00 to $82.00 and set a buy rating on the stock in a report on Thursday, August 10th. Ten research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of $93.39.

Weibo Corporation (NASDAQ:WB) traded up $3.63 during trading hours on Tuesday, hitting $112.21. The stock had a trading volume of 2,543,300 shares, compared to its average volume of 2,031,648. The firm has a market capitalization of $24,530.00, a price-to-earnings ratio of 92.02 and a beta of 2.47. Weibo Corporation has a 1-year low of $40.12 and a 1-year high of $113.63.

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

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Large investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its position in Weibo Corporation by 83.4% during the first quarter. Parametric Portfolio Associates LLC now owns 21,318 shares of the information services provider’s stock worth $1,112,000 after buying an additional 9,693 shares during the period. Vanguard Group Inc. lifted its position in Weibo Corporation by 2.6% during the first quarter. Vanguard Group Inc. now owns 165,119 shares of the information services provider’s stock worth $8,616,000 after buying an additional 4,195 shares during the period. Geode Capital Management LLC lifted its position in Weibo Corporation by 20.3% during the first quarter. Geode Capital Management LLC now owns 70,163 shares of the information services provider’s stock worth $3,650,000 after buying an additional 11,825 shares during the period. State Street Corp lifted its position in Weibo Corporation by 14.2% during the first quarter. State Street Corp now owns 513,031 shares of the information services provider’s stock worth $26,771,000 after buying an additional 63,983 shares during the period. Finally, Credit Suisse AG lifted its position in Weibo Corporation by 23.0% during the first quarter. Credit Suisse AG now owns 133,977 shares of the information services provider’s stock worth $6,991,000 after buying an additional 25,057 shares during the period. Institutional investors and hedge funds own 19.54% of the company’s stock.

About Weibo Corporation

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.

Analyst Recommendations for Weibo Corporation (NASDAQ:WB)

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