Squarepoint Ops LLC Has $401,000 Stake in Weibo Co. (NASDAQ:WB)

Squarepoint Ops LLC lessened its holdings in shares of Weibo Co. (NASDAQ:WB - Free Report) by 95.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,193 shares of the information services provider's stock after selling 1,039,346 shares during the quarter. Squarepoint Ops LLC's holdings in Weibo were worth $401,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Krane Funds Advisors LLC increased its position in 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 buying an additional 564,068 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Weibo by 199.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,075,326 shares of the information services provider's stock valued at $33,675,000 after purchasing an additional 2,047,135 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Weibo by 204.5% in the second quarter. Acadian Asset Management LLC now owns 2,433,509 shares of the information services provider's stock valued at $18,678,000 after purchasing an additional 1,634,230 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Weibo by 64.1% in the second quarter. Canada Pension Plan Investment Board now owns 1,309,385 shares of the information services provider's stock valued at $10,056,000 after purchasing an additional 511,248 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Weibo in the first quarter valued at approximately $7,435,000. Institutional investors and hedge funds own 68.77% of the company's stock.

Wall Street Analysts Forecast Growth

WB has been the topic of several research reports. Citigroup upped their target price on Weibo from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Morgan Stanley decreased their target price on Weibo from $8.00 to $7.50 and set an "underweight" rating on the stock in a research report on Friday, August 23rd. Nomura Securities upgraded Weibo to a "hold" rating in a research note on Monday, August 26th. Finally, StockNews.com upgraded Weibo from a "hold" rating to a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.23.

Weibo Price Performance

Shares of NASDAQ:WB traded down $0.01 during trading on Friday, hitting $10.19. 1,319,258 shares of the company were exchanged, compared to its average volume of 2,105,613. The business's 50 day moving average is $8.34 and its 200-day moving average is $8.46. The company has a market capitalization of $2.39 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.23. 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 Co. has a 1-year low of $7.03 and a 1-year high of $13.22.

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 (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. The company had revenue of $437.90 million during 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%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. Equities analysts forecast that Weibo Co. will post 1.48 earnings per share for the current year.

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.