Weibo (NASDAQ:WB) Cut to Underweight at Morgan Stanley

Morgan Stanley downgraded shares of Weibo (NASDAQ:WBFree Report) from an equal weight rating to an underweight rating in a research note issued to investors on Friday, MarketBeat reports. They currently have $10.00 price objective on the information services provider’s stock, down from their previous price objective of $11.00.

Several other research firms have also commented on WB. UBS Group raised shares of Weibo from a neutral rating to a buy rating and reduced their price target for the company from $12.90 to $11.50 in a research report on Tuesday, March 19th. HSBC decreased their price target on shares of Weibo from $13.60 to $9.80 and set a hold rating on the stock in a research report on Friday, March 15th. StockNews.com downgraded shares of Weibo from a buy rating to a hold rating in a research report on Friday, January 19th. Finally, The Goldman Sachs Group reaffirmed a neutral rating and issued a $10.60 target price on shares of Weibo in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Weibo presently has a consensus rating of Hold and an average target price of $11.65.

View Our Latest Research Report on Weibo

Weibo Stock Down 3.8 %

Shares of Weibo stock opened at $9.66 on Friday. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.54. Weibo has a twelve month low of $7.58 and a twelve month high of $17.67. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.40. The company’s 50 day moving average is $9.04 and its 200 day moving average is $9.59.

Weibo (NASDAQ:WBGet Free Report) last released its quarterly earnings results on Thursday, March 14th. The information services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.14). Weibo had a net margin of 19.47% and a return on equity of 10.77%. The firm had revenue of $463.67 million for the quarter, compared to the consensus estimate of $452.30 million. Research analysts anticipate that Weibo will post 1.64 EPS for the current year.

Weibo Cuts Dividend

The company also recently announced a — dividend, which was paid on Monday, May 13th. Investors of record on Friday, April 12th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Investors Weigh In On Weibo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. boosted its stake in Weibo by 331.3% in the 4th quarter. E Fund Management Co. Ltd. now owns 309,136 shares of the information services provider’s stock worth $3,385,000 after purchasing an additional 237,453 shares during the period. UBS Group AG boosted its stake in Weibo by 1,360.0% in the 3rd quarter. UBS Group AG now owns 2,268,124 shares of the information services provider’s stock worth $28,442,000 after purchasing an additional 2,112,773 shares during the period. Quadrature Capital Ltd boosted its stake in Weibo by 38.2% in the 3rd quarter. Quadrature Capital Ltd now owns 32,887 shares of the information services provider’s stock worth $413,000 after purchasing an additional 9,093 shares during the period. BNP Paribas Financial Markets boosted its stake in Weibo by 408.0% in the 4th quarter. BNP Paribas Financial Markets now owns 872,496 shares of the information services provider’s stock worth $9,554,000 after purchasing an additional 700,758 shares during the period. Finally, Aviva PLC boosted its stake in Weibo by 6.8% in the 3rd quarter. Aviva PLC now owns 47,259 shares of the information services provider’s stock worth $593,000 after purchasing an additional 3,000 shares during the period. 68.77% of the stock is owned by hedge funds and other institutional investors.

Weibo Company Profile

(Get Free Report)

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

See Also

Analyst Recommendations for Weibo (NASDAQ:WB)

Receive News & Ratings for Weibo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo and related companies with MarketBeat.com's FREE daily email newsletter.