Weibo (NASDAQ:WB) Shares Down 3.4% - Time to Sell?

Weibo Co. (NASDAQ:WB - Get Free Report)'s share price dropped 3.4% during mid-day trading on Monday . The stock traded as low as $9.59 and last traded at $9.84. Approximately 577,502 shares changed hands during trading, a decline of 72% from the average daily volume of 2,097,947 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WB shares. StockNews.com raised shares of Weibo from a "hold" rating to a "buy" rating in a research report on Wednesday, October 9th. Nomura Securities raised shares of Weibo to a "hold" rating in a research report on Monday, August 26th. Morgan Stanley reduced their target price on Weibo from $8.00 to $7.50 and set an "underweight" rating for the company in a report on Friday, August 23rd. Finally, Citigroup lifted their price target on Weibo from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Weibo has an average rating of "Hold" and an average price target of $10.23.

Weibo Trading Down 4.8 %

The firm has a market cap of $2.27 billion, a P/E ratio of 8.15, a P/E/G ratio of 1.72 and a beta of 0.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a 50 day simple moving average of $8.34 and a 200 day simple moving average of $8.45.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The information services provider reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.10. Weibo had a net margin of 18.52% and a return on equity of 11.01%. The firm had revenue of $437.90 million during the quarter, compared to analyst estimates of $437.97 million. During the same period in the previous year, the business earned $0.42 EPS. The business's revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Weibo Co. will post 1.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WB. Goldman Sachs Group Inc. lifted its holdings in shares of Weibo by 199.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,075,326 shares of the information services provider's stock worth $33,675,000 after acquiring an additional 2,047,135 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Weibo during the second quarter valued at about $1,398,000. Krane Funds Advisors LLC grew its stake 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 valued at $29,213,000 after buying an additional 564,068 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Weibo by 65.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,025 shares of the information services provider's stock worth $1,082,000 after buying an additional 46,898 shares during the period. Finally, Quadrature Capital Ltd increased its holdings in shares of Weibo by 47.8% in the fourth quarter. Quadrature Capital Ltd now owns 48,602 shares of the information services provider's stock worth $531,000 after buying an additional 15,715 shares during the period. 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.