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.
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.
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.
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.