Weibo (NASDAQ:WB) Upgraded by ValuEngine to Hold

Weibo (NASDAQ:WB) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

Several other equities analysts also recently commented on WB. Nomura set a $48.00 price target on shares of Weibo and gave the company a “hold” rating in a research note on Wednesday, August 21st. BidaskClub downgraded shares of Weibo from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Jefferies Financial Group upgraded shares of Weibo from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Friday, October 18th. Barclays set a $55.00 price target on shares of Weibo and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Zacks Investment Research downgraded shares of Weibo from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Weibo currently has an average rating of “Hold” and an average price target of $53.69.

WB stock opened at $43.61 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.51 and a current ratio of 4.51. The company’s 50-day simple moving average is $47.44 and its 200 day simple moving average is $44.36. Weibo has a 52 week low of $34.26 and a 52 week high of $74.68. The company has a market capitalization of $9.63 billion, a PE ratio of 17.31 and a beta of 2.18.

Weibo (NASDAQ:WB) last released its quarterly earnings results on Thursday, November 14th. The information services provider reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.09. Weibo had a net margin of 31.79% and a return on equity of 28.88%. The business had revenue of $467.75 million for the quarter, compared to the consensus estimate of $471.84 million. During the same period in the prior year, the company posted $0.75 earnings per share. Weibo’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that Weibo will post 2.28 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC grew its stake in Weibo by 5.0% during the third quarter. Voya Investment Management LLC now owns 5,641 shares of the information services provider’s stock worth $252,000 after buying an additional 269 shares in the last quarter. Private Capital Group LLC acquired a new stake in Weibo during the second quarter worth about $36,000. Bank of New York Mellon Corp grew its stake in Weibo by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 90,806 shares of the information services provider’s stock worth $3,955,000 after buying an additional 513 shares in the last quarter. Pillar Pacific Capital Management LLC grew its stake in Weibo by 0.9% during the third quarter. Pillar Pacific Capital Management LLC now owns 93,939 shares of the information services provider’s stock worth $4,203,000 after buying an additional 881 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in Weibo by 31.2% during the second quarter. MML Investors Services LLC now owns 4,984 shares of the information services provider’s stock worth $217,000 after buying an additional 1,186 shares in the last quarter. Hedge funds and other institutional investors own 26.66% of the company’s stock.

About Weibo

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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Analyst Recommendations for Weibo (NASDAQ:WB)

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