Weibo Co. (NASDAQ:WB - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $10.91, but opened at $10.52. Weibo shares last traded at $10.39, with a volume of 230,989 shares.
Analyst Ratings Changes
A number of research analysts have commented on the company. StockNews.com upgraded Weibo from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. Benchmark reaffirmed a "hold" rating on shares of Weibo in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Weibo has an average rating of "Hold" and a consensus price target of $10.28.
Read Our Latest Stock Report on WB
Weibo Price Performance
The company's 50 day moving average price is $9.84 and its 200-day moving average price is $9.04. 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 market capitalization of $2.69 billion, a PE ratio of 7.60 and a beta of 0.26.
Institutional Investors Weigh In On Weibo
Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Weibo by 60.0% during the third 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 worth $2,845,000 after acquiring an additional 105,780 shares during the period. Citigroup Inc. raised its stake in Weibo by 347.3% during the third quarter. Citigroup Inc. now owns 602,853 shares of the information services provider's stock worth $6,077,000 after acquiring an additional 468,072 shares during the period. Geode Capital Management LLC raised its stake in Weibo by 78.1% during the third quarter. Geode Capital Management LLC now owns 223,447 shares of the information services provider's stock worth $2,252,000 after acquiring an additional 98,017 shares during the period. Caprock Group LLC acquired a new stake in Weibo during the fourth quarter worth about $229,000. Finally, Polunin Capital Partners Ltd acquired a new stake in Weibo during the third quarter worth about $5,064,000. Institutional investors and hedge funds own 68.77% of the company's stock.
About Weibo
(
Get Free Report)
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.
Featured Articles
Before you consider Weibo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weibo wasn't on the list.
While Weibo currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
