Campbell & CO Investment Adviser LLC Purchases Shares of 148,151 Weibo Corporation $WB

Campbell & CO Investment Adviser LLC acquired a new position in shares of Weibo Corporation (NASDAQ:WB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 148,151 shares of the information services provider’s stock, valued at approximately $1,412,000. Campbell & CO Investment Adviser LLC owned approximately 0.06% of Weibo as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Weibo by 22.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,653 shares of the information services provider’s stock valued at $110,000 after buying an additional 2,135 shares during the last quarter. AQR Capital Management LLC bought a new position in Weibo during the 1st quarter valued at $117,000. Fox Run Management L.L.C. purchased a new position in Weibo during the 2nd quarter worth $136,000. Kathmere Capital Management LLC bought a new stake in shares of Weibo in the 1st quarter worth $147,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Weibo by 85.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,815 shares of the information services provider’s stock worth $179,000 after acquiring an additional 8,694 shares in the last quarter. 68.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Weibo in a report on Wednesday, October 8th. Wall Street Zen downgraded Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Citigroup upped their target price on Weibo from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.00.

Weibo Price Performance

Weibo stock opened at $10.71 on Wednesday. The business’s 50 day simple moving average is $11.75 and its 200 day simple moving average is $10.44. Weibo Corporation has a 12 month low of $7.10 and a 12 month high of $12.96. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 7.49 and a beta of 0.13. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.31.

Weibo (NASDAQ:WB) last issued its earnings results on Thursday, August 14th. The information services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. Weibo had a return on equity of 12.65% and a net margin of 21.10%.The firm had revenue of $444.80 million for the quarter, compared to analyst estimates of $438.84 million. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. Sell-side analysts forecast that Weibo Corporation will post 1.62 EPS for the current year.

Weibo 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.