Weibo Co. (NASDAQ:WB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Weibo Co. (NASDAQ:WB) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.23.

WB has been the subject of several analyst reports. Citigroup raised their price target on shares of Weibo from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Nomura Securities upgraded Weibo to a “hold” rating in a research report on Monday, August 26th. Morgan Stanley reduced their price target on shares of Weibo from $8.00 to $7.50 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Finally, StockNews.com downgraded shares of Weibo from a “buy” rating to a “hold” rating in a report on Thursday, October 17th.

Hedge Funds Weigh In On Weibo

Several large investors have recently made changes to their positions in WB. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Weibo by 4.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 134,393 shares of the information services provider’s stock worth $1,222,000 after buying an additional 6,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in Weibo by 21.5% in the 2nd quarter. SG Americas Securities LLC now owns 51,661 shares of the information services provider’s stock valued at $397,000 after acquiring an additional 9,143 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in Weibo in the 2nd quarter worth $82,000. Creative Planning bought a new position in shares of Weibo during the 3rd quarter valued at about $112,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Weibo during the first quarter valued at about $123,000. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Weibo Price Performance

Shares of NASDAQ:WB opened at $9.01 on Tuesday. The business has a fifty day moving average price of $8.51 and a 200-day moving average price of $8.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market capitalization of $2.11 billion, a PE ratio of 7.57, a PEG ratio of 1.53 and a beta of 0.23. Weibo has a 1-year low of $7.03 and a 1-year high of $12.65.

Weibo (NASDAQ:WB) last announced its quarterly earnings data on Thursday, August 22nd. The information services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. The company had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.97 million. Weibo had a net margin of 18.52% and a return on equity of 11.01%. Weibo’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. As a group, equities analysts expect that Weibo will post 1.48 EPS for the current fiscal year.

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.