Investors Buy Weibo (WB) on Weakness

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.

Weibo (NASDAQ:WB) last issued its earnings results on Tuesday, February 13th. The information services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Weibo had a return on equity of 35.57% and a net margin of 30.66%. The business had revenue of $377.40 million for the quarter, compared to analyst estimates of $362.04 million. During the same quarter last year, the company earned $0.34 EPS. The business’s quarterly revenue was up 77.4% on a year-over-year basis. research analysts expect that Weibo Corp will post 2.57 EPS for the current year.

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.

COPYRIGHT VIOLATION WARNING: “Investors Buy Weibo (WB) on Weakness” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://stocknewstimes.com/2018/02/19/investors-buy-weibo-wb-on-weakness.html.

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.

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.

Latest News

Leave a Reply