Weibo (NASDAQ:WB) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

WB has been the topic of a number of other research reports. Zacks Investment Research lowered Weibo from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised Weibo from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Barclays lifted their target price on Weibo from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Citigroup reissued a “buy” rating and issued a $126.00 target price (up previously from $102.00) on shares of Weibo in a research report on Thursday, September 14th. Finally, Benchmark dropped their target price on Weibo from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $93.39.

Weibo (WB) traded down $3.73 during trading on Friday, reaching $104.83. The company had a trading volume of 2,187,939 shares, compared to its average volume of 2,033,261. Weibo has a fifty-two week low of $40.12 and a fifty-two week high of $123.00. The company has a market capitalization of $22,920.00, a PE ratio of 98.31 and a beta of 2.47.

Weibo (NASDAQ:WB) last released its quarterly earnings results on Tuesday, November 7th. The information services provider reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.06. The company had revenue of $320.00 million for the quarter, compared to analyst estimates of $297.20 million. Weibo had a return on equity of 30.00% and a net margin of 26.85%. Weibo’s revenue was up 80.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. sell-side analysts anticipate that Weibo will post 1.5 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Harding Loevner LP increased its position in shares of Weibo by 2,621.2% during the 3rd quarter. Harding Loevner LP now owns 95,403,043 shares of the information services provider’s stock worth $476,760,000 after purchasing an additional 91,897,142 shares during the last quarter. BT Investment Management Ltd acquired a new position in shares of Weibo during the 2nd quarter worth approximately $63,749,000. Schroder Investment Management Group increased its position in shares of Weibo by 31.1% during the 3rd quarter. Schroder Investment Management Group now owns 2,300,656 shares of the information services provider’s stock worth $225,672,000 after purchasing an additional 545,683 shares during the last quarter. Platinum Investment Management Ltd. acquired a new position in shares of Weibo during the 2nd quarter worth approximately $27,010,000. Finally, Macquarie Group Ltd. increased its position in shares of Weibo by 36.9% during the 2nd quarter. Macquarie Group Ltd. now owns 1,239,263 shares of the information services provider’s stock worth $82,378,000 after purchasing an additional 334,095 shares during the last quarter. 62.51% of the stock is currently owned by institutional investors and hedge funds.

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Weibo 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Weibo (NASDAQ:WB)

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