Weibo Co. (NASDAQ:WB) Receives $10.28 Consensus Price Target from Analysts

Weibo Co. (NASDAQ:WB) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.28.

Several equities research analysts have recently weighed in on WB shares. Benchmark reaffirmed a “hold” rating on shares of Weibo in a research report on Wednesday, November 20th. StockNews.com raised shares of Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th.

Weibo Stock Performance

Shares of WB stock opened at $9.82 on Thursday. 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 cap of $2.38 billion, a PE ratio of 6.73 and a beta of 0.26. The company’s fifty day simple moving average is $9.69 and its 200-day simple moving average is $8.89. Weibo has a 52 week low of $7.03 and a 52 week high of $12.40.

Institutional Trading of Weibo

A number of institutional investors and hedge funds have recently made changes to their positions in WB. Blue Trust Inc. boosted its position in shares of Weibo by 155.2% during the fourth quarter. Blue Trust Inc. now owns 2,700 shares of the information services provider’s stock worth $27,000 after buying an additional 1,642 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Weibo during the 4th quarter valued at $70,000. Creative Planning acquired a new stake in shares of Weibo during the third quarter valued at approximately $112,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Weibo by 17.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,261 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 1,970 shares during the period. Finally, Diversified Trust Co purchased a new position in Weibo in the third quarter valued at about $194,000. 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.