Weibo Co. (NASDAQ:WB) Receives Average Recommendation of "Hold" from Analysts

Weibo Co. (NASDAQ:WB - Get Free Report) has received a consensus rating of "Hold" from the seven research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.28.

WB has been the subject of a number of research analyst reports. Benchmark reaffirmed a "hold" rating on shares of Weibo in a report on Wednesday, November 20th. StockNews.com upgraded Weibo from a "hold" rating to a "buy" rating in a report on Friday, December 6th.

Weibo Stock Performance

Weibo stock traded up $0.39 during mid-day trading on Thursday, reaching $10.33. The company's stock had a trading volume of 964,846 shares, compared to its average volume of 866,481. The firm's fifty day moving average price is $9.64 and its two-hundred day moving average price is $8.86. The company has a market capitalization of $2.25 billion, a P/E ratio of 7.08 and a beta of 0.26. Weibo has a 12-month low of $7.03 and a 12-month high of $12.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WB. Polunin Capital Partners Ltd purchased a new stake in shares of Weibo during the 3rd quarter valued at about $5,064,000. Citigroup Inc. lifted its stake in shares of Weibo by 347.3% in the 3rd quarter. Citigroup Inc. now owns 602,853 shares of the information services provider's stock valued at $6,077,000 after purchasing an additional 468,072 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Weibo in the 3rd quarter worth approximately $3,696,000. Millennium Management LLC increased its position in shares of Weibo by 56.1% during the 2nd quarter. Millennium Management LLC now owns 726,940 shares of the information services provider's stock valued at $5,583,000 after purchasing an additional 261,180 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Weibo by 60.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 282,199 shares of the information services provider's stock valued at $2,845,000 after buying an additional 105,780 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, 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.