Janus Henderson Group PLC Increases Stake in Weibo Corp (WB)
Janus Henderson Group PLC increased its holdings in Weibo Corp (NASDAQ:WB) by 23.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,032 shares of the information services provider’s stock after acquiring an additional 71,677 shares during the period. Janus Henderson Group PLC owned about 0.17% of Weibo worth $37,199,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. NEXT Financial Group Inc raised its holdings in shares of Weibo by 9,900.0% in the 3rd quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock worth $100,000 after acquiring an additional 990 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in shares of Weibo in the 3rd quarter worth about $105,000. Risk Paradigm Group LLC acquired a new stake in shares of Weibo in the 3rd quarter worth about $109,000. Castleark Management LLC bought a new stake in Weibo in the 2nd quarter worth about $110,000. Finally, Oppenheimer Asset Management Inc. grew its position in Weibo by 5.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,252 shares of the information services provider’s stock worth $216,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 21.95% of the company’s stock.
A number of brokerages have issued reports on WB. BidaskClub raised shares of Weibo from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Citigroup reaffirmed a “buy” rating and issued a $126.00 price objective (up from $102.00) on shares of Weibo in a research report on Thursday, September 14th. ValuEngine downgraded shares of Weibo from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Barclays upped their price objective on shares of Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research downgraded shares of Weibo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $97.31.
Weibo (NASDAQ:WB) last released its earnings results on Tuesday, November 7th. The information services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. Weibo had a net margin of 26.85% and a return on equity of 30.00%. The firm had revenue of $320.00 million during the quarter, compared to the consensus estimate of $297.20 million. During the same period in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 80.9% compared to the same quarter last year. equities analysts anticipate that Weibo Corp will post 1.5 EPS for the current year.
Weibo 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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