Lockheed Martin Investment Management Co. grew its stake in shares of Weibo Corp (NASDAQ:WB) by 13.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,390 shares of the information services provider’s stock after acquiring an additional 1,329 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Weibo were worth $1,178,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of WB. NEXT Financial Group Inc lifted its stake in shares of Weibo by 9,900.0% in the 3rd quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock valued at $100,000 after purchasing an additional 990 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in shares of Weibo in the 3rd quarter valued at $105,000. Risk Paradigm Group LLC acquired a new stake in shares of Weibo in the 3rd quarter valued at $109,000. Castleark Management LLC acquired a new stake in shares of Weibo in the 2nd quarter valued at $110,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in shares of Weibo in the 4th quarter valued at $208,000. Institutional investors and hedge funds own 21.95% of the company’s stock.
Weibo Corp (NASDAQ WB) opened at $129.62 on Friday. The firm has a market cap of $28,340.00, a price-to-earnings ratio of 110.79 and a beta of 2.52. Weibo Corp has a 52-week low of $46.05 and a 52-week high of $130.89.
Several equities research analysts recently issued reports on WB shares. BidaskClub raised shares of Weibo from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Benchmark cut their target price on shares of Weibo from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Barclays boosted their target price on shares of Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Zacks Investment Research lowered shares of Weibo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Morgan Stanley initiated coverage on shares of Weibo in a research report on Friday, January 5th. They set an “overweight” rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. Weibo currently has an average rating of “Buy” and a consensus target price of $104.85.
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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.
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