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

Weibo Co. (NASDAQ:WB - Get Free Report) has been given an average recommendation of "Hold" by the eight analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.23.

A number of equities research analysts have commented on WB shares. Citigroup raised their price objective on Weibo from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Morgan Stanley decreased 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. Benchmark reiterated a "hold" rating on shares of Weibo in a research note on Wednesday, November 20th. Nomura Securities raised shares of Weibo to a "hold" rating in a research note on Monday, August 26th. Finally, StockNews.com raised shares of Weibo from a "hold" rating to a "buy" rating in a research note on Friday, December 6th.

Institutional Investors Weigh In On Weibo

Several institutional investors and hedge funds have recently added to or reduced their stakes in WB. Acadian Asset Management LLC raised its position in Weibo by 204.5% during 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 acquiring an additional 1,634,230 shares in the last quarter. Krane Funds Advisors LLC lifted its stake in Weibo by 17.4% in the 2nd quarter. Krane Funds Advisors LLC now owns 3,803,752 shares of the information services provider's stock valued at $29,213,000 after purchasing an additional 564,068 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Weibo by 64.1% during the second quarter. Canada Pension Plan Investment Board now owns 1,309,385 shares of the information services provider's stock worth $10,056,000 after purchasing an additional 511,248 shares during the period. Polunin Capital Partners Ltd acquired a new stake in shares of Weibo in the third quarter valued at approximately $5,064,000. Finally, Citigroup Inc. raised its stake in 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 acquiring an additional 468,072 shares during the period. 68.77% of the stock is owned by institutional investors.

Weibo Price Performance

Shares of NASDAQ WB traded up $0.09 during trading on Wednesday, hitting $10.40. The company had a trading volume of 1,004,078 shares, compared to its average volume of 2,001,867. Weibo has a 52 week low of $7.03 and a 52 week high of $12.40. The business's 50-day moving average is $9.41 and its 200 day moving average is $8.53. The company has a market cap of $2.44 billion, a P/E ratio of 7.12 and a beta of 0.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57.

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.