Weibo (NASDAQ:WB) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Weibo Co. (NASDAQ:WB - Get Free Report) saw an uptick in trading volume on Tuesday . 790,003 shares were traded during trading, a decline of 29% from the previous session's volume of 1,108,961 shares.The stock last traded at $10.62 and had previously closed at $11.10.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WB. Benchmark reiterated a "hold" rating on shares of Weibo in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Weibo from a "hold" rating to a "buy" rating in a report on Friday, December 6th. One analyst has 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 presently has a consensus rating of "Hold" and an average price target of $10.28.

Weibo Price Performance

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 simple moving average of $9.95 and a 200 day simple moving average of $9.19. The stock has a market cap of $2.75 billion, a P/E ratio of 7.77 and a beta of 0.26.

Institutional Trading of Weibo

A number of hedge funds and other institutional investors have recently made changes to their positions in WB. Vanguard Group Inc. raised its holdings in Weibo by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 2,811,872 shares of the information services provider's stock worth $26,853,000 after acquiring an additional 52,598 shares in the last quarter. Saba Capital Management L.P. increased its position in shares of Weibo by 5.9% during the 4th quarter. Saba Capital Management L.P. now owns 2,359,357 shares of the information services provider's stock worth $22,532,000 after purchasing an additional 131,155 shares during the last quarter. Causeway Capital Management LLC raised its stake in shares of Weibo by 14.8% during the 4th quarter. Causeway Capital Management LLC now owns 2,259,267 shares of the information services provider's stock worth $21,576,000 after purchasing an additional 292,086 shares in the last quarter. RPD Fund Management LLC acquired a new stake in shares of Weibo in the 4th quarter valued at approximately $19,115,000. Finally, Invesco Ltd. boosted its holdings in shares of Weibo by 34.0% in the 4th quarter. Invesco Ltd. now owns 1,719,174 shares of the information services provider's stock valued at $16,418,000 after buying an additional 436,215 shares during the last quarter. 68.77% of the stock is currently owned by institutional investors and hedge funds.

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.