Weibo (NASDAQ:WB) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other research analysts have also weighed in on WB. Barclays raised their price objective on Weibo to $135.00 and gave the company an “overweight” rating in a research report on Wednesday. ValuEngine lowered Weibo from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. UBS Group started coverage on Weibo in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $125.00 price target for the company. Morgan Stanley started coverage on Weibo in a research report on Friday, January 5th. They issued an “overweight” rating and a $130.00 price target for the company. Finally, Citigroup reiterated a “buy” rating and issued a $126.00 price target (up previously from $102.00) on shares of Weibo in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $104.85.

Weibo (NASDAQ WB) opened at $121.68 on Wednesday. The firm has a market capitalization of $26,600.00, a PE ratio of 104.00 and a beta of 2.52. Weibo has a 12-month low of $44.38 and a 12-month high of $123.00.

Weibo (NASDAQ:WB) last issued its quarterly earnings data 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. The firm had revenue of $320.00 million during the quarter, compared to analyst estimates of $297.20 million. Weibo had a return on equity of 30.00% and a net margin of 26.85%. The business’s quarterly revenue was up 80.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. analysts forecast that Weibo will post 1.5 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WB. Harding Loevner LP lifted its stake in Weibo by 2,621.2% in the third quarter. Harding Loevner LP now owns 95,403,043 shares of the information services provider’s stock worth $476,760,000 after purchasing an additional 91,897,142 shares during the last quarter. Schroder Investment Management Group lifted its stake in Weibo by 31.1% in the third quarter. Schroder Investment Management Group now owns 2,300,656 shares of the information services provider’s stock worth $225,672,000 after purchasing an additional 545,683 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Weibo by 36.9% in the second quarter. Macquarie Group Ltd. now owns 1,239,263 shares of the information services provider’s stock worth $82,378,000 after purchasing an additional 334,095 shares during the last quarter. BT Investment Management Ltd lifted its stake in Weibo by 6.6% in the third quarter. BT Investment Management Ltd now owns 1,022,828 shares of the information services provider’s stock worth $101,199,000 after purchasing an additional 63,761 shares during the last quarter. Finally, State Street Corp lifted its stake in Weibo by 7.5% in the second quarter. State Street Corp now owns 551,325 shares of the information services provider’s stock worth $36,645,000 after purchasing an additional 38,294 shares during the last quarter. Institutional investors own 21.95% of the company’s stock.

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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.

Analyst Recommendations for Weibo (NASDAQ:WB)

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