Weibo Co. (NASDAQ:WB) Receives Average Rating of "Reduce" from Analysts

Shares of Weibo Co. (NASDAQ:WB - Get Free Report) have earned an average rating of "Reduce" from the six analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $9.88.

A number of research firms recently issued reports on WB. Nomura Securities upgraded Weibo to a "hold" rating in a report on Monday, August 26th. Morgan Stanley lowered their price objective on shares of Weibo from $8.00 to $7.50 and set an "underweight" rating on the stock in a report on Friday, August 23rd.

Weibo Trading Up 7.5 %

Shares of WB stock traded up $0.69 on Friday, hitting $9.91. The stock had a trading volume of 7,113,438 shares, compared to its average volume of 1,981,530. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.55. Weibo has a twelve month low of $7.03 and a twelve month high of $13.54. The company has a fifty day moving average price of $7.70 and a two-hundred day moving average price of $8.37. The firm has a market cap of $2.32 billion, a P/E ratio of 8.34, a PEG ratio of 1.46 and a beta of 0.22.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Krane Funds Advisors LLC increased its holdings in shares of Weibo by 17.4% during the second quarter. Krane Funds Advisors LLC now owns 3,803,752 shares of the information services provider's stock worth $29,213,000 after purchasing an additional 564,068 shares during the period. Goldman Sachs Group Inc. lifted its position in Weibo by 199.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,075,326 shares of the information services provider's stock worth $33,675,000 after purchasing an additional 2,047,135 shares during the period. Acadian Asset Management LLC grew its stake in Weibo by 204.5% during the second quarter. Acadian Asset Management LLC now owns 2,433,509 shares of the information services provider's stock worth $18,678,000 after buying an additional 1,634,230 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Weibo by 64.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,309,385 shares of the information services provider's stock worth $10,056,000 after acquiring an additional 511,248 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Weibo during the 1st quarter worth approximately $7,435,000. Institutional investors 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, distribute, and discover 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.