-logo.jpg "Weibo Corporation logo"){kind=logo}
Candriam Luxembourg S.C.A. decreased its stake in Weibo Corporation (NASDAQ:WB) by 14.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 178,500 shares of the information services provider’s stock after selling 30,500 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Weibo Corporation were worth $11,865,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of WB. Harding Loevner LP raised its position in shares of Weibo Corporation by 128.1% in the first quarter. Harding Loevner LP now owns 2,833,520 shares of the information services provider’s stock valued at $147,853,000 after buying an additional 1,591,175 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Weibo Corporation by 30.2% in the second quarter. Acadian Asset Management LLC now owns 1,707,419 shares of the information services provider’s stock valued at $113,491,000 after buying an additional 396,281 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Weibo Corporation during the first quarter valued at about $56,068,000. Macquarie Group Ltd. raised its position in shares of Weibo Corporation by 55,465.9% in the first quarter. Macquarie Group Ltd. now owns 905,168 shares of the information services provider’s stock valued at $47,233,000 after buying an additional 903,539 shares in the last quarter. Finally, State Street Corp raised its position in shares of Weibo Corporation by 14.2% in the first quarter. State Street Corp now owns 513,031 shares of the information services provider’s stock valued at $26,771,000 after buying an additional 63,983 shares in the last quarter. Institutional investors own 16.58% of the company’s stock.
Weibo Corporation (NASDAQ:WB) traded down 0.47% on Tuesday, hitting $85.46. 1,845,283 shares of the company’s stock were exchanged. Weibo Corporation has a 52-week low of $40.12 and a 52-week high of $88.88.
Weibo Corporation (NASDAQ:WB) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The firm had revenue of $253.37 million for the quarter, compared to analysts’ expectations of $246.78 million. Weibo Corporation had a net margin of 23.22% and a return on equity of 25.65%. The company’s quarterly revenue was up 72.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. Analysts predict that Weibo Corporation will post $1.60 EPS for the current fiscal year.
WARNING: “Candriam Luxembourg S.C.A. Lowers Position in Weibo Corporation (NASDAQ:WB)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/08/15/weibo-corporation-nasdaqwb-stake-cut-by-candriam-luxembourg-s-c-a-updated.html.
WB has been the topic of several research analyst reports. TheStreet raised shares of Weibo Corporation from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Barclays PLC reissued an “overweight” rating and set a $85.00 target price (up from $66.00) on shares of Weibo Corporation in a research note on Wednesday, May 17th. Zacks Investment Research lowered shares of Weibo Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Jefferies Group LLC reissued a “buy” rating and set a $82.00 target price on shares of Weibo Corporation in a research note on Thursday, July 27th. Finally, T.H. Capital reaffirmed a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Weibo Corporation in a research note on Tuesday, May 9th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Weibo Corporation has an average rating of “Buy” and an average price target of $79.06.
About Weibo Corporation
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.
Receive News & Ratings for Weibo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
