Caprock Group LLC Takes Position in Weibo Co. (NASDAQ:WB)

Caprock Group LLC acquired a new stake in Weibo Co. (NASDAQ:WB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 23,937 shares of the information services provider's stock, valued at approximately $229,000.

A number of other hedge funds have also modified their holdings of WB. Blue Trust Inc. grew its holdings in shares of Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock worth $27,000 after purchasing an additional 1,642 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Weibo during the 4th quarter worth about $70,000. Creative Planning bought a new stake in Weibo during the 3rd quarter worth about $112,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Weibo by 17.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider's stock valued at $134,000 after acquiring an additional 1,970 shares in the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Weibo during the third quarter worth approximately $194,000. 68.77% of the stock is owned by institutional investors and hedge funds.

Weibo Trading Up 1.4 %

WB traded up $0.15 during trading on Monday, reaching $10.91. 2,203,112 shares of the company's stock were exchanged, compared to its average volume of 1,010,134. The company's fifty day moving average price is $9.79 and its 200-day moving average price is $8.99. The firm has a market capitalization of $2.65 billion, a PE ratio of 7.47 and a beta of 0.26. Weibo Co. has a fifty-two week low of $7.03 and a fifty-two week high of $12.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.

Analyst Ratings Changes

A number of brokerages recently weighed in on WB. StockNews.com raised shares of Weibo from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Benchmark reissued a "hold" rating on shares of Weibo in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Weibo has a consensus rating of "Hold" and a consensus target price of $10.28.

Weibo Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.