Weibo Co. (NASDAQ:WB) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Weibo Co. (NASDAQ:WB - Free Report) by 10.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 855,126 shares of the information services provider's stock after selling 104,206 shares during the quarter. Dimensional Fund Advisors LP owned 0.37% of Weibo worth $6,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Deltec Asset Management LLC purchased a new position in Weibo in the second quarter worth $82,000. Bayesian Capital Management LP bought a new position in shares of Weibo during the first quarter valued at about $123,000. XY Capital Ltd bought a new position in Weibo in the first quarter worth about $140,000. DGS Capital Management LLC raised its stake in Weibo by 92.7% in the first quarter. DGS Capital Management LLC now owns 44,543 shares of the information services provider's stock worth $405,000 after buying an additional 21,422 shares in the last quarter. Finally, Quadrature Capital Ltd raised its stake in 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 in the last quarter. Institutional investors own 68.77% of the company's stock.

Weibo Stock Down 2.4 %

Shares of WB traded down $0.25 during mid-day trading on Wednesday, hitting $10.01. The company's stock had a trading volume of 3,462,754 shares, compared to its average volume of 2,108,615. The company's 50-day moving average is $8.23 and its 200-day moving average is $8.44. Weibo Co. has a 52-week low of $7.03 and a 52-week high of $13.54. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.96 and a beta of 0.23. 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 (NASDAQ:WB - Get Free Report) last announced its quarterly 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. 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 analysts' expectations of $437.97 million. During the same quarter in the prior year, the company earned $0.42 EPS. The company's revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Weibo Co. will post 1.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WB shares. Citigroup increased their price target on shares of Weibo from $11.00 to $12.00 and gave the company a "buy" rating in a report on Monday, September 30th. Nomura Securities upgraded shares of Weibo to a "hold" rating in a research report on Monday, August 26th. StockNews.com upgraded shares of Weibo from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Weibo from $8.00 to $7.50 and set an "underweight" rating on the stock in a research note on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Weibo currently has an average rating of "Hold" and a consensus price target of $10.23.

Weibo 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.