Weibo (NASDAQ:WB) posted its earnings results on Tuesday. The information services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05, Morningstar.com reports. The company had revenue of $377.40 million for the quarter, compared to analysts’ expectations of $362.04 million. Weibo had a return on equity of 30.00% and a net margin of 26.85%. Weibo’s quarterly revenue was up 77.4% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share.
Shares of Weibo (NASDAQ WB) traded up $2.96 on Tuesday, reaching $118.31. 2,440,900 shares of the company’s stock traded hands, compared to its average volume of 1,910,321. Weibo has a twelve month low of $47.36 and a twelve month high of $136.19. The stock has a market capitalization of $25,517.38, a price-to-earnings ratio of 100.26 and a beta of 2.65.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Liberty Mutual Group Asset Management Inc. purchased a new stake in Weibo in the fourth quarter worth about $218,000. YorkBridge Wealth Partners LLC lifted its holdings in Weibo by 70.2% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock worth $212,000 after buying an additional 743 shares during the period. Navellier & Associates Inc purchased a new stake in Weibo in the fourth quarter worth about $7,387,000. Standard Life Aberdeen plc lifted its holdings in Weibo by 30.5% in the fourth quarter. Standard Life Aberdeen plc now owns 3,420 shares of the information services provider’s stock worth $354,000 after buying an additional 800 shares during the period. Finally, First Republic Investment Management Inc. lifted its holdings in Weibo by 79.1% in the fourth quarter. First Republic Investment Management Inc. now owns 6,302 shares of the information services provider’s stock worth $652,000 after buying an additional 2,784 shares during the period. Institutional investors and hedge funds own 22.14% of the company’s stock.
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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.
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