BidaskClub lowered shares of Weibo (NASDAQ:WB) from a buy rating to a hold rating in a report published on Friday, BidAskClub reports.

Several other equities research analysts also recently commented on the stock. Barclays set a $55.00 price objective on shares of Weibo and gave the stock a buy rating in a research note on Wednesday, August 21st. ValuEngine downgraded shares of Weibo from a hold rating to a sell rating in a research note on Monday, November 11th. Jefferies Financial Group upgraded shares of Weibo from a hold rating to a buy rating and set a $59.00 price objective for the company in a research note on Friday, October 18th. Zacks Investment Research downgraded shares of Weibo from a buy rating to a hold rating in a research note on Saturday, October 26th. Finally, Nomura set a $48.00 price objective on shares of Weibo and gave the stock a hold rating in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $55.73.

Shares of NASDAQ:WB traded up $0.11 during trading on Friday, reaching $43.55. The company’s stock had a trading volume of 4,577,300 shares, compared to its average volume of 1,495,584. The stock has a market capitalization of $11.88 billion, a PE ratio of 17.28 and a beta of 2.23. The firm’s 50 day simple moving average is $48.75 and its two-hundred day simple moving average is $46.23. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.44. Weibo has a 12 month low of $34.26 and a 12 month high of $74.68.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Thursday, November 14th. The information services provider reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.09. Weibo had a net margin of 33.01% and a return on equity of 32.08%. The business had revenue of $467.75 million during the quarter, compared to the consensus estimate of $471.84 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts anticipate that Weibo will post 2.38 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tealwood Asset Management Inc. lifted its position in Weibo by 5.1% during the second quarter. Tealwood Asset Management Inc. now owns 42,798 shares of the information services provider’s stock valued at $1,864,000 after purchasing an additional 2,074 shares during the period. Atria Investments LLC purchased a new position in Weibo in the second quarter valued at $1,739,000. First Trust Advisors LP increased its holdings in Weibo by 49.4% in the second quarter. First Trust Advisors LP now owns 49,981 shares of the information services provider’s stock valued at $2,177,000 after buying an additional 16,519 shares in the last quarter. Banco Santander S.A. purchased a new position in Weibo in the third quarter valued at $15,663,000. Finally, KBC Group NV increased its holdings in Weibo by 15.4% in the second quarter. KBC Group NV now owns 152,044 shares of the information services provider’s stock valued at $6,621,000 after buying an additional 20,330 shares in the last quarter. Institutional investors own 25.73% of the company’s stock.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.

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Analyst Recommendations for Weibo (NASDAQ:WB)

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