Weibo Corp (NASDAQ:WB) shares gapped down before the market opened on Monday . The stock had previously closed at $117.35, but opened at $117.51. Weibo shares last traded at $117.51, with a volume of 2714989 shares.

A number of brokerages have weighed in on WB. Zacks Investment Research raised Weibo from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. BidaskClub raised Weibo from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Barclays increased their price target on Weibo to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 10th. Morgan Stanley began coverage on Weibo in a research note on Friday, January 5th. They set an “overweight” rating and a $130.00 price target on the stock. Finally, UBS Group began coverage on Weibo in a research note on Tuesday, January 2nd. They set a “buy” rating and a $125.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $104.85.

The firm has a market capitalization of $25,690.00, a price-to-earnings ratio of 100.44 and a beta of 2.63.

Weibo (NASDAQ:WB) last released its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $320.00 million during the quarter, compared to the consensus estimate of $297.20 million. Weibo had a return on equity of 30.00% and a net margin of 26.85%. The business’s revenue for the quarter was up 80.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. equities analysts expect that Weibo Corp will post 1.51 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NEXT Financial Group Inc increased its holdings in 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 in the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in Weibo in the 3rd quarter valued at $105,000. Risk Paradigm Group LLC acquired a new stake in Weibo in the 3rd quarter valued at $109,000. Castleark Management LLC acquired a new stake in Weibo in the 2nd quarter valued at $110,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Weibo in the 4th quarter valued at $208,000. Hedge funds and other institutional investors own 22.05% 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.

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