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

Shares of Weibo Co. (NASDAQ:WB - Get Free Report) have been given a consensus recommendation of "Hold" by the eight ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.23.

A number of brokerages have recently issued reports on WB. StockNews.com upgraded Weibo from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Benchmark restated a "hold" rating on shares of Weibo in a research note on Wednesday, November 20th. Finally, Citigroup increased 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.

Weibo Stock Down 0.2 %

Shares of Weibo stock traded down $0.02 on Friday, reaching $9.26. 1,389,572 shares of the company were exchanged, compared to its average volume of 1,184,736. Weibo has a one year low of $7.03 and a one year high of $12.40. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $9.43 and a 200 day moving average of $8.70. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 6.34 and a beta of 0.26.

Hedge Funds Weigh In On Weibo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in 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. Headlands Technologies LLC bought a new position in Weibo in the 2nd quarter valued at approximately $1,398,000. Krane Funds Advisors LLC boosted its position in Weibo by 17.4% during the 2nd 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 period. Hsbc Holdings PLC grew 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 last quarter. Finally, Seven Eight Capital LP acquired a new position in Weibo in the 2nd quarter valued at approximately $110,000. Institutional investors own 68.77% of the company's stock.

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.