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

Shares of Weibo Co. (NASDAQ:WB) saw unusually-high trading volume on Tuesday . Approximately 790,003 shares changed hands during mid-day 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 Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Benchmark reiterated a “hold” rating on shares of Weibo in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Weibo currently has an average rating of “Hold” and an average target price of $10.28.

Weibo Stock Down 2.4 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The stock has a market cap of $2.63 billion, a P/E ratio of 7.42 and a beta of 0.26. The stock’s fifty day simple moving average is $9.90 and its 200-day simple moving average is $9.12.

Institutional Trading of Weibo

A number of institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. bought a new stake in shares of Weibo during the 4th quarter worth approximately $214,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Weibo by 3.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,710 shares of the information services provider’s stock worth $2,786,000 after acquiring an additional 9,511 shares during the period. Woodline Partners LP bought a new stake in shares of Weibo during the 4th quarter worth approximately $6,853,000. Vident Advisory LLC bought a new stake in shares of Weibo during the 4th quarter worth approximately $174,000. Finally, Twinbeech Capital LP bought a new stake in shares of Weibo during the 4th quarter worth approximately $236,000. Institutional investors own 68.77% of the company’s stock.

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.