Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group started coverage on shares of Weibo in a report on Monday, August 5th. They issued a hold rating and a $43.60 price target on the stock. TheStreet downgraded shares of Weibo from a b- rating to a c+ rating in a report on Friday, May 31st. Benchmark reissued a buy rating and issued a $51.00 price target (down from $81.00) on shares of Weibo in a report on Friday, May 24th. Zacks Investment Research downgraded shares of Weibo from a hold rating to a sell rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. downgraded shares of Weibo from an overweight rating to a neutral rating and set a $45.00 price target on the stock. in a report on Tuesday, May 28th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $56.79.
Shares of NASDAQ:WB opened at $40.19 on Tuesday. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $9.35 billion, a PE ratio of 15.95 and a beta of 2.21. Weibo has a twelve month low of $34.26 and a twelve month high of $83.35. The company has a 50-day moving average price of $39.64 and a two-hundred day moving average price of $53.94.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis boosted its holdings in Weibo by 696.5% in the second quarter. Natixis now owns 341,470 shares of the information services provider’s stock valued at $14,871,000 after acquiring an additional 298,596 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Weibo by 205.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 185,237 shares of the information services provider’s stock valued at $8,067,000 after buying an additional 124,679 shares in the last quarter. Platinum Investment Management Ltd. boosted its holdings in shares of Weibo by 11.9% during the 2nd quarter. Platinum Investment Management Ltd. now owns 3,096,729 shares of the information services provider’s stock valued at $134,863,000 after buying an additional 328,248 shares in the last quarter. Private Capital Group LLC bought a new stake in shares of Weibo during the 2nd quarter valued at $36,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of Weibo during the 2nd quarter valued at $15,466,000. 25.25% of the stock is currently owned by institutional investors and hedge funds.
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in 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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