Traders purchased shares of Weibo Corp (NASDAQ:WB) on weakness during trading hours on Monday. $71.48 million flowed into the stock on the tick-up and $51.46 million flowed out of the stock on the tick-down, for a money net flow of $20.02 million into the stock. Of all equities tracked, Weibo had the 29th highest net in-flow for the day. Weibo traded down ($0.38) for the day and closed at $134.74
Several equities analysts have recently issued reports on WB shares. BidaskClub upgraded Weibo from a “buy” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on Weibo from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday. Benchmark decreased their price objective on Weibo from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. Barclays lifted their price objective on Weibo from $100.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research upgraded Weibo from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Weibo currently has an average rating of “Buy” and a consensus target price of $117.68.
The company has a quick ratio of 2.23, a current ratio of 4.22 and a debt-to-equity ratio of 0.74. The company has a market cap of $29,460.00, a PE ratio of 86.93 and a beta of 2.63.
Several hedge funds and other institutional investors have recently modified their holdings of the company. NEXT Financial Group Inc increased its position in Weibo by 9,900.0% during the third quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock worth $100,000 after buying an additional 990 shares during the period. YorkBridge Wealth Partners LLC acquired a new position in Weibo during the third quarter worth approximately $105,000. Risk Paradigm Group LLC acquired a new position in Weibo during the third quarter worth approximately $109,000. Calton & Associates Inc. acquired a new position in Weibo during the fourth quarter worth approximately $246,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Weibo during the fourth quarter worth approximately $203,000. 22.67% of the stock is currently owned by institutional investors and hedge funds.
Weibo Company Profile
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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