BidaskClub Upgrades Weibo (WB) to “Strong-Buy”

BidaskClub upgraded shares of Weibo (NASDAQ:WB) from a buy rating to a strong-buy rating in a research note published on Saturday.

Several other equities research analysts also recently issued reports on WB. Barclays increased their price target on Weibo to $135.00 and gave the stock an overweight rating in a report on Wednesday, January 10th. ValuEngine upgraded Weibo from a hold rating to a buy rating in a report on Thursday, March 1st. Zacks Investment Research raised Weibo from a hold rating to a buy rating and set a $153.00 price objective for the company in a research report on Friday, February 23rd. Benchmark upped their price objective on Weibo from $110.00 to $148.00 and gave the stock a buy rating in a research report on Wednesday, February 14th. Finally, Jefferies Group upped their price objective on Weibo to $160.00 and gave the stock a buy rating in a research report on Tuesday, March 13th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $124.50.

How to Become a New Pot Stock Millionaire

NASDAQ WB opened at $120.38 on Friday. Weibo has a 12 month low of $49.77 and a 12 month high of $142.12. The stock has a market capitalization of $25,258.56, a P/E ratio of 77.17 and a beta of 2.60. The company has a quick ratio of 2.23, a current ratio of 4.22 and a debt-to-equity ratio of 0.74.



Weibo (NASDAQ:WB) last announced its quarterly earnings results on Tuesday, February 13th. The information services provider reported $0.58 earnings per share (EPS) 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 company had revenue of $377.40 million during the quarter, compared to the consensus estimate of $362.04 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 77.4% compared to the same quarter last year. equities research analysts predict that Weibo will post 2.58 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. YorkBridge Wealth Partners LLC boosted its position in Weibo by 70.2% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock valued at $212,000 after purchasing an additional 743 shares during the last quarter. Calton & Associates Inc. acquired a new position in Weibo during the fourth quarter valued at approximately $246,000. Sequoia Financial Advisors LLC acquired a new position in Weibo during the fourth quarter valued at approximately $203,000. Ipswich Investment Management Co. Inc. acquired a new position in Weibo during the fourth quarter valued at approximately $208,000. Finally, Sterling Capital Management LLC acquired a new position in Weibo during the fourth quarter valued at approximately $218,000. 22.41% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://stocknewstimes.com/2018/04/18/bidaskclub-upgrades-weibo-wb-to-strong-buy.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.

Analyst Recommendations for Weibo (NASDAQ:WB)

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.

Leave a Reply