Weibo Co. (NASDAQ:WB) had its price target upped by equities researchers at Barclays PLC in a report issued on Tuesday. The brokerage currently has an “overweight” rating on the information services provider’s stock.

Several other research analysts have also issued reports on WB. BidaskClub raised Weibo from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Instinet reissued a “buy” rating and issued a $102.00 target price (up previously from $91.00) on shares of Weibo in a research report on Friday, August 11th. Jefferies Group LLC decreased their target price on Weibo from $105.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, August 10th. Zacks Investment Research raised Weibo from a “hold” rating to a “strong-buy” rating and set a $95.00 target price for the company in a research report on Tuesday, August 15th. Finally, Benchmark Co. decreased their target price on Weibo from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Ten equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $91.17.

Weibo (NASDAQ:WB) traded up $3.42 during midday trading on Tuesday, reaching $108.58. The company’s stock had a trading volume of 1,751,600 shares, compared to its average volume of 2,029,311. Weibo has a 1-year low of $40.12 and a 1-year high of $110.48. The stock has a market cap of $23,263.18, a PE ratio of 89.12 and a beta of 2.50.

Weibo (NASDAQ:WB) last released its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. Weibo had a return on equity of 41.72% and a net margin of 31.46%. The business had revenue of $320.00 million during the quarter, compared to analysts’ expectations of $297.20 million. During the same quarter last year, the business posted $0.24 EPS. The business’s revenue was up 80.9% on a year-over-year basis. equities analysts expect that Weibo will post 1.49 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of WB. Parametric Portfolio Associates LLC increased its position in Weibo by 83.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 21,318 shares of the information services provider’s stock valued at $1,112,000 after buying an additional 9,693 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Weibo by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 165,119 shares of the information services provider’s stock worth $8,616,000 after purchasing an additional 4,195 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Weibo by 20.3% in the 1st quarter. Geode Capital Management LLC now owns 70,163 shares of the information services provider’s stock worth $3,650,000 after purchasing an additional 11,825 shares in the last quarter. State Street Corp increased its holdings in shares of Weibo by 14.2% in the 1st quarter. State Street Corp now owns 513,031 shares of the information services provider’s stock worth $26,771,000 after purchasing an additional 63,983 shares in the last quarter. Finally, Credit Suisse AG increased its holdings in shares of Weibo by 23.0% in the 1st quarter. Credit Suisse AG now owns 133,977 shares of the information services provider’s stock worth $6,991,000 after purchasing an additional 25,057 shares in the last quarter. 19.54% of the stock is owned by institutional investors.

About Weibo

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.

Analyst Recommendations for Weibo (NASDAQ:WB)

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