2 weeks Ago By ABMN Staff
Shares of Weibo Co. ( NASDAQ:WB – Get Free Report ) have been given a consensus rating of “Reduce” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company.
The average 12 month price target among analysts that have covered the stock in the last year is $9.88. Several research firms have issued reports on WB.
Morgan Stanley cut their price target on shares of Weibo from $8.00 to $7.50 and set an “underweight” rating on the stock in a report on Friday, August 23rd.
Nomura Securities raised shares of Weibo to a “hold” rating in a research report on Monday, August 26th. Get Our Latest Analysis on WB Weibo Stock Performance Weibo ( NASDAQ:WB – Get Free Report ) last posted its quarterly earnings results on Thursday, August 22nd. The information services provider reported $0.
48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10.
The business had revenue of $437.90 million during the quarter, compared to analyst estimates of $437.97 million.
Weibo had a net margin of 18.52% and a return on equity of 11.01%.
The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.
42 EPS. As a group, equities analysts forecast that Weibo will post 1.48 earnings per share for the current year.
Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in shares of Weibo by 199.
1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,075,326 shares of the information services provider’s stock valued at $33,675,000 after acquiring an additional 2,047,135 shares in the last quarter.
Headlands Technologies LLC acquired a new position in Weibo during the second quarter worth about $1,398,000. Krane Funds Advisors LLC raised its holdings in Weibo by 17.4% in the 2nd quarter.
Krane Funds Advisors LLC now owns 3,803,752 shares of the information services provider’s stock valued at $29,213,000 after acquiring an additional 564,068 shares during the last quarter. Mirae Asset Global Investments Co. Ltd.
lifted its stake in Weibo by 65.0% in the 1st quarter. Mirae Asset Global Investments Co.
Ltd. now owns 119,025 shares of the information services provider’s stock worth $1,082,000 after purchasing an additional 46,898 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in shares of Weibo by 47.
8% during the 4th quarter. Quadrature Capital Ltd now owns 48,602 shares of the information services provider’s stock worth $531,000 after purchasing an additional 15,715 shares during the last quarter. Hedge funds and other institutional investors own 68.
77% of the company’s stock. 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. Featured Articles 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 .
.
