Weibo (NASDAQ:WB) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms also recently weighed in on WB. Zacks Investment Research downgraded Weibo from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 12th. Barclays increased their target price on Weibo from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Benchmark lowered their target price on Weibo from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Citigroup reissued a “buy” rating and issued a $126.00 target price (up previously from $102.00) on shares of Weibo in a report on Thursday, September 14th. Finally, Instinet reissued a “buy” rating and issued a $102.00 target price (up previously from $91.00) on shares of Weibo in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $93.39.

Shares of Weibo (WB) traded down $3.73 during trading hours on Friday, hitting $104.83. The stock had a trading volume of 2,187,513 shares, compared to its average volume of 2,290,868. The company has a market capitalization of $24,015.32, a P/E ratio of 92.00 and a beta of 2.54. Weibo has a 1 year low of $40.12 and a 1 year high of $123.00.

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

Several hedge funds and other institutional investors have recently bought and sold shares of WB. TB Alternative Assets Ltd. bought a new position in shares of Weibo in the fourth quarter worth about $1,043,000. CI Investments Inc. raised its stake in shares of Weibo by 16.3% in the fourth quarter. CI Investments Inc. now owns 357,500 shares of the information services provider’s stock worth $6,971,000 after buying an additional 50,000 shares during the period. GAM Holding AG raised its stake in shares of Weibo by 284.0% in the fourth quarter. GAM Holding AG now owns 96,000 shares of the information services provider’s stock worth $1,871,000 after buying an additional 71,000 shares during the period. Morgan Stanley raised its stake in shares of Weibo by 830.8% in the fourth quarter. Morgan Stanley now owns 215,157 shares of the information services provider’s stock worth $4,195,000 after buying an additional 192,042 shares during the period. Finally, FIL Ltd grew its position in shares of Weibo by 22.1% during the fourth quarter. FIL Ltd now owns 849,756 shares of the information services provider’s stock worth $16,570,000 after purchasing an additional 153,556 shares in the last quarter. 62.51% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Weibo (NASDAQ:WB)

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