UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Weibo Co. (NASDAQ:WB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Weibo Co. (NASDAQ:WB - Free Report) by 60.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,199 shares of the information services provider's stock after purchasing an additional 105,780 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Weibo worth $2,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Weibo by 21.5% during the 2nd quarter. SG Americas Securities LLC now owns 51,661 shares of the information services provider's stock worth $397,000 after purchasing an additional 9,143 shares in the last quarter. Acadian Asset Management LLC lifted its holdings 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 worth $18,678,000 after buying an additional 1,634,230 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Weibo in the second quarter valued at approximately $1,398,000. Krane Funds Advisors LLC grew its stake 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 valued at $29,213,000 after acquiring an additional 564,068 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Weibo by 42.1% during the 2nd quarter. Hsbc Holdings PLC now owns 59,890 shares of the information services provider's stock worth $460,000 after acquiring an additional 17,749 shares during the period. Institutional investors own 68.77% of the company's stock.

Weibo Price Performance

NASDAQ WB traded down $0.10 on Friday, reaching $10.36. 2,644,283 shares of the company's stock traded hands, compared to its average volume of 1,530,080. The stock has a market cap of $2.43 billion, a PE ratio of 7.10 and a beta of 0.27. Weibo Co. has a 12 month low of $7.03 and a 12 month high of $12.40. The stock has a 50-day simple moving average of $9.38 and a 200 day simple moving average of $8.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.57 and a quick ratio of 3.57.

Wall Street Analyst Weigh In

Several brokerages have commented on WB. Morgan Stanley cut their price target on shares of Weibo from $8.00 to $7.50 and set an "underweight" rating for the company in a report on Friday, August 23rd. Nomura Securities upgraded Weibo to a "hold" rating in a research report on Monday, August 26th. Benchmark reaffirmed a "hold" rating on shares of Weibo in a report on Wednesday, November 20th. Citigroup boosted their price objective on Weibo from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Finally, StockNews.com raised shares of Weibo from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.23.

Weibo Company Profile

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.