Weibo Corp (NASDAQ:WB) – Equities research analysts at Jefferies Financial Group decreased their Q3 2018 earnings estimates for Weibo in a research note issued on Wednesday, August 8th. Jefferies Financial Group analyst K. Chan now forecasts that the information services provider will earn $0.67 per share for the quarter, down from their previous forecast of $0.72. Jefferies Financial Group currently has a “Buy” rating and a $140.00 target price on the stock.
Weibo (NASDAQ:WB) last posted its earnings results on Wednesday, August 8th. The information services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The firm had revenue of $426.60 million for the quarter, compared to analyst estimates of $426.54 million. Weibo had a return on equity of 39.71% and a net margin of 32.03%. Weibo’s revenue for the quarter was up 68.4% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share.
Weibo opened at $80.55 on Monday, MarketBeat.com reports. The stock has a market cap of $17.72 billion, a P/E ratio of 38.33 and a beta of 2.42. Weibo has a 52 week low of $77.44 and a 52 week high of $142.12. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.66.
A number of hedge funds have recently modified their holdings of WB. Raymond James & Associates boosted its position in Weibo by 117.2% during the fourth quarter. Raymond James & Associates now owns 15,942 shares of the information services provider’s stock worth $1,649,000 after purchasing an additional 8,603 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Weibo by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 21,367 shares of the information services provider’s stock valued at $2,211,000 after acquiring an additional 600 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Weibo in the fourth quarter valued at approximately $249,000. Global X Management Co. LLC lifted its position in shares of Weibo by 20.7% in the first quarter. Global X Management Co. LLC now owns 66,893 shares of the information services provider’s stock valued at $7,996,000 after acquiring an additional 11,490 shares in the last quarter. Finally, FDx Advisors Inc. lifted its position in shares of Weibo by 12.5% in the first quarter. FDx Advisors Inc. now owns 7,083 shares of the information services provider’s stock valued at $847,000 after acquiring an additional 789 shares in the last quarter. Institutional investors own 23.55% of the company’s stock.
Weibo Company Profile
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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