Weibo Corporation (NASDAQ:WB) issued its quarterly earnings results on Wednesday. The information services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02, MarketWatch Earnings reports. The company had revenue of $253.37 million for the quarter, compared to analyst estimates of $246.78 million. Weibo Corporation had a return on equity of 20.00% and a net margin of 20.10%. The company’s quarterly revenue was up 72.5% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share.

Weibo Corporation (NASDAQ:WB) traded up 0.21% during trading on Wednesday, hitting $86.44. The company had a trading volume of 5,354,465 shares. Weibo Corporation has a 12-month low of $35.92 and a 12-month high of $87.18. The company has a market capitalization of $17.92 billion, a price-to-earnings ratio of 131.37 and a beta of 2.66. The firm has a 50-day moving average of $72.96 and a 200 day moving average of $60.98.

WB has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “buy” rating on shares of Weibo Corporation in a report on Tuesday, April 11th. Benchmark Co. initiated coverage on Weibo Corporation in a report on Tuesday, April 18th. They set a “buy” rating and a $65.00 price target on the stock. TheStreet raised Weibo Corporation from a “c” rating to a “b-” rating in a report on Monday, April 17th. Zacks Investment Research raised Weibo Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Thursday, April 27th. Finally, Vetr lowered Weibo Corporation from a “strong-buy” rating to a “buy” rating and set a $65.50 price target on the stock. in a report on Monday, May 8th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Weibo Corporation has an average rating of “Buy” and an average price target of $66.95.

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A number of hedge funds and other institutional investors have recently bought and sold shares of WB. Shell Asset Management Co. boosted its position in Weibo Corporation by 0.3% in the first quarter. Shell Asset Management Co. now owns 11,255 shares of the information services provider’s stock worth $587,000 after buying an additional 29 shares during the last quarter. 1st Global Advisors Inc. boosted its position in Weibo Corporation by 0.4% in the first quarter. 1st Global Advisors Inc. now owns 8,294 shares of the information services provider’s stock worth $433,000 after buying an additional 34 shares during the last quarter. Steinberg Global Asset Management boosted its position in Weibo Corporation by 0.6% in the second quarter. Steinberg Global Asset Management now owns 7,249 shares of the information services provider’s stock worth $482,000 after buying an additional 46 shares during the last quarter. Comerica Bank boosted its position in Weibo Corporation by 1.7% in the first quarter. Comerica Bank now owns 5,713 shares of the information services provider’s stock worth $316,000 after buying an additional 95 shares during the last quarter. Finally, Alta Advisers Ltd boosted its position in Weibo Corporation by 5.0% in the first quarter. Alta Advisers Ltd now owns 2,100 shares of the information services provider’s stock worth $110,000 after buying an additional 100 shares during the last quarter. 16.79% of the stock is owned by hedge funds and other institutional investors.

Weibo Corporation Company Profile

Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.

Earnings History for Weibo Corporation (NASDAQ:WB)

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