Fox Run Management L.L.C. acquired a new stake in Weibo Corp (NASDAQ:WB) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,731 shares of the information services provider’s stock, valued at approximately $273,000.
Other large investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new stake in Weibo in the second quarter valued at about $101,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Weibo by 43.8% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the information services provider’s stock valued at $204,000 after purchasing an additional 700 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Weibo by 2,580.0% during the second quarter. AdvisorNet Financial Inc now owns 2,680 shares of the information services provider’s stock valued at $238,000 after purchasing an additional 2,580 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in shares of Weibo during the second quarter valued at about $240,000. Finally, BB&T Securities LLC acquired a new stake in shares of Weibo during the first quarter valued at about $284,000. 27.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of WB opened at $59.64 on Friday. Weibo Corp has a 1 year low of $54.36 and a 1 year high of $142.12. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.61. The stock has a market cap of $16.18 billion, a PE ratio of 38.23 and a beta of 2.33.
Weibo (NASDAQ:WB) last issued its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.02. Weibo had a return on equity of 37.75% and a net margin of 32.03%. The company had revenue of $426.60 million during the quarter, compared to the consensus estimate of $426.54 million. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was up 68.4% compared to the same quarter last year. On average, research analysts anticipate that Weibo Corp will post 2.54 EPS for the current fiscal year.
A number of analysts have recently commented on WB shares. BidaskClub lowered Weibo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 20th. ValuEngine lowered Weibo from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Zacks Investment Research lowered Weibo from a “buy” rating to a “hold” rating in a research note on Sunday, July 15th. Jefferies Financial Group reissued a “buy” rating and set a $145.00 price target on shares of Weibo in a research note on Tuesday, July 24th. Finally, Barclays reissued a “buy” rating and set a $130.00 price target (down from $150.00) on shares of Weibo in a research note on Sunday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $131.71.
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.
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