E Fund Management Co. Ltd. lifted its position in Weibo Co. (NASDAQ:WB - Free Report) by 1,003.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 458,206 shares of the information services provider's stock after purchasing an additional 416,690 shares during the quarter. E Fund Management Co. Ltd. owned about 0.19% of Weibo worth $4,376,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its position in Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider's stock valued at $27,000 after purchasing an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Weibo during the 4th quarter valued at about $70,000. Creative Planning acquired a new position in shares of Weibo in the 3rd quarter valued at about $112,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Weibo by 17.4% in 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 during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Weibo during the fourth quarter worth about $167,000. Institutional investors and hedge funds own 68.77% of the company's stock.
Weibo Price Performance
WB stock traded down $0.19 during mid-day trading on Monday, reaching $10.73. 1,474,516 shares of the company's stock were exchanged, compared to its average volume of 1,380,774. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 7.35 and a beta of 0.27. Weibo Co. has a 12-month low of $7.03 and a 12-month high of $12.40. The stock's 50 day moving average is $10.06 and its 200 day moving average is $9.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57.
Analyst Ratings Changes
Several brokerages recently weighed in on WB. StockNews.com upgraded Weibo from a "hold" rating to a "buy" rating in a research report on Friday, December 6th. Benchmark reaffirmed a "hold" rating on shares of Weibo in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Weibo has an average rating of "Hold" and a consensus price target of $10.28.
Check Out Our Latest Stock Analysis on Weibo
Weibo Company Profile
(
Free Report)
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.
Further Reading
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