Claraphi Advisory Network LLC purchased a new position in shares of Weibo Corp (NASDAQ:WB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,221 shares of the information services provider’s stock, valued at approximately $644,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. NEXT Financial Group Inc grew its holdings in Weibo by 9,900.0% in the third quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock valued at $100,000 after purchasing an additional 990 shares during the period. YorkBridge Wealth Partners LLC purchased a new stake in Weibo in the third quarter valued at approximately $105,000. Risk Paradigm Group LLC purchased a new stake in Weibo in the third quarter valued at approximately $109,000. Castleark Management LLC purchased a new stake in Weibo in the second quarter valued at approximately $110,000. Finally, Ipswich Investment Management Co. Inc. purchased a new stake in Weibo in the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 22.08% of the company’s stock.
Shares of Weibo Corp (NASDAQ WB) opened at $121.44 on Monday. Weibo Corp has a 52 week low of $47.36 and a 52 week high of $136.19. The stock has a market cap of $26,550.00, a P/E ratio of 103.79 and a beta of 2.63.
Weibo (NASDAQ:WB) last released its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. Weibo had a net margin of 26.85% and a return on equity of 30.00%. The company had revenue of $320.00 million during the quarter, compared to the consensus estimate of $297.20 million. During the same period in the previous year, the firm earned $0.24 earnings per share. Weibo’s revenue for the quarter was up 80.9% on a year-over-year basis. analysts expect that Weibo Corp will post 1.51 EPS for the current fiscal year.
A number of research firms recently issued reports on WB. Zacks Investment Research upgraded shares of Weibo from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Barclays boosted their target price on shares of Weibo to $135.00 and gave the company an “overweight” rating in a report on Wednesday, January 10th. BidaskClub upgraded shares of Weibo from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Morgan Stanley began coverage on shares of Weibo in a research note on Friday, January 5th. They set an “overweight” rating and a $130.00 price objective for the company. Finally, ValuEngine downgraded shares of Weibo from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $104.85.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
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