Weibo Corp (NASDAQ:WB) traded up 5.1% during mid-day trading on Monday . The stock traded as high as $108.61 and last traded at $107.99. 1,675,564 shares were traded during trading, a decline of 17% from the average session volume of 2,020,466 shares. The stock had previously closed at $102.72.

Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Weibo from a “hold” rating to a “sell” rating in a report on Friday, December 1st. BidaskClub lowered shares of Weibo from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Benchmark decreased their price target on shares of Weibo from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Citigroup reaffirmed a “buy” rating and set a $126.00 price target (up from $102.00) on shares of Weibo in a report on Thursday, September 14th. Finally, Barclays boosted their target price on shares of Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $97.31.

The company has a market capitalization of $23,889.22, a price-to-earnings ratio of 91.52 and a beta of 2.54.

Weibo (NASDAQ:WB) last posted its earnings results on Tuesday, November 7th. The information services provider reported $0.51 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $297.20 million. During the same period in the previous year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 80.9% compared to the same quarter last year. equities analysts expect that Weibo Corp will post 1.5 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. NEXT Financial Group Inc boosted its stake 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 valued at $100,000 after purchasing an additional 990 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new stake in shares of Weibo in the 3rd quarter valued at $105,000. Risk Paradigm Group LLC bought a new stake in shares of Weibo in the 3rd quarter valued at $109,000. Castleark Management LLC bought a new stake in shares of Weibo in the 2nd quarter valued at $110,000. Finally, Pinnacle Financial Partners Inc. bought a new stake in shares of Weibo in the 3rd quarter valued at $220,000. 21.95% of the stock is currently owned by institutional investors.

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About Weibo

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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