Weibo (NASDAQ:WB – Get Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Several other research analysts also recently weighed in on the stock. 58.com restated a “downgrade” rating on shares of Weibo in a report on Tuesday, June 13th. UBS Group downgraded shares of Weibo from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $15.50 in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.42.
Weibo Stock Up 1.8 %
Shares of NASDAQ:WB opened at $14.50 on Thursday. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 0.72 and a beta of 0.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.09 and a quick ratio of 4.09. The business’s 50-day moving average is $14.47 and its 200-day moving average is $17.61. Weibo has a 1 year low of $10.02 and a 1 year high of $25.57.
Weibo (NASDAQ:WB – Get Free Report) last announced its quarterly earnings data on Thursday, May 25th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $413.78 million during the quarter, compared to analyst estimates of $418.70 million. Weibo had a net margin of 14.36% and a return on equity of 12.30%. Equities research analysts predict that Weibo will post 1.7 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. New Silk Road Investment PTE Ltd. increased its stake in Weibo by 44.4% in the fourth quarter. New Silk Road Investment PTE Ltd. now owns 97,900 shares of the information services provider’s stock valued at $1,872,000 after acquiring an additional 30,100 shares during the last quarter. OPTIMAS CAPITAL Ltd bought a new position in shares of Weibo during the fourth quarter valued at about $1,461,000. SeaTown Holdings Pte. Ltd. bought a new position in shares of Weibo during the first quarter valued at about $7,021,000. DGS Capital Management LLC grew its stake in shares of Weibo by 49.7% during the fourth quarter. DGS Capital Management LLC now owns 27,021 shares of the information services provider’s stock valued at $517,000 after buying an additional 8,969 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Weibo by 68.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,274 shares of the information services provider’s stock valued at $671,000 after buying an additional 13,500 shares during the last quarter. Institutional investors own 29.94% 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 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.