Weibo (NASDAQ:WB) Receives Hold Rating from Benchmark

Weibo (NASDAQ:WB - Get Free Report)'s stock had its "hold" rating reaffirmed by Benchmark in a research note issued on Wednesday,Benzinga reports.

A number of other research firms have also issued reports on WB. Morgan Stanley dropped their target price on shares of Weibo from $8.00 to $7.50 and set an "underweight" rating for the company in a report on Friday, August 23rd. Nomura Securities upgraded shares of Weibo to a "hold" rating in a research report on Monday, August 26th. StockNews.com lowered shares of Weibo from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Citigroup upped their price objective on Weibo from $11.00 to $12.00 and gave the company a "buy" rating in a report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $10.23.

Weibo Stock Up 1.4 %

Shares of WB stock traded up $0.13 on Wednesday, hitting $9.18. The stock had a trading volume of 1,340,182 shares, compared to its average volume of 2,031,807. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.55. Weibo has a one year low of $7.03 and a one year high of $12.40. The business has a 50 day moving average price of $9.04 and a 200 day moving average price of $8.51. The company has a market cap of $2.15 billion, a PE ratio of 7.23 and a beta of 0.24.

Weibo (NASDAQ:WB - Get Free Report) last released its earnings results on Thursday, August 22nd. The information services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.10. The company had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.97 million. Weibo had a net margin of 18.52% and a return on equity of 11.01%. Weibo's revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. Research analysts anticipate that Weibo will post 1.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Weibo

Large investors have recently made changes to their positions in the business. Deltec Asset Management LLC bought a new stake in Weibo during the 2nd quarter valued at approximately $82,000. Seven Eight Capital LP acquired a new stake in shares of Weibo during the 2nd quarter valued at about $110,000. Creative Planning bought a new stake in Weibo in the third quarter valued at $112,000. Bayesian Capital Management LP acquired a new stake in shares of Weibo in the 1st quarter valued at $123,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Weibo by 17.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider's stock worth $134,000 after buying an additional 1,970 shares in the last quarter. Institutional investors and hedge funds own 68.77% of the company's stock.

Weibo Company 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.