Polunin Capital Partners Ltd Acquires New Position in Weibo Co. (NASDAQ:WB)

Polunin Capital Partners Ltd acquired a new position in shares of Weibo Co. (NASDAQ:WB - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 502,338 shares of the information services provider's stock, valued at approximately $5,064,000. Weibo accounts for about 1.2% of Polunin Capital Partners Ltd's holdings, making the stock its 14th largest holding. Polunin Capital Partners Ltd owned approximately 0.21% of Weibo at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deltec Asset Management LLC acquired a new stake in shares of Weibo during the second quarter worth $82,000. Seven Eight Capital LP acquired a new stake in shares of Weibo during the second quarter worth $110,000. Creative Planning acquired a new stake in shares of Weibo during the third quarter worth $112,000. Bayesian Capital Management LP acquired a new stake in shares of Weibo during the first quarter worth $123,000. Finally, Diversified Trust Co acquired a new stake in shares of Weibo during the third quarter worth $194,000. 68.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WB. Morgan Stanley decreased their target price on shares of Weibo from $8.00 to $7.50 and set an "underweight" rating for the company in a research report on Friday, August 23rd. 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 Friday. Finally, Citigroup boosted their target price on shares of Weibo from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.23.

Weibo Stock Performance

WB traded up $0.23 on Friday, reaching $9.27. The stock had a trading volume of 1,405,697 shares, compared to its average volume of 2,074,210. Weibo Co. has a 12-month low of $7.03 and a 12-month high of $12.65. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.55. The business's 50-day moving average price is $8.60 and its two-hundred day moving average price is $8.46. The company has a market cap of $2.17 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.56 and a beta of 0.23.

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

About Weibo

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.