Weibo (WB) PT Raised to $148.00 at Benchmark

Weibo (NASDAQ:WB) had its price objective boosted by equities researchers at Benchmark to $148.00 in a research note issued on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Benchmark’s price target indicates a potential upside of 14.14% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on WB. Barclays reaffirmed an “overweight” rating and set a $150.00 price target on shares of Weibo in a report on Wednesday. Zacks Investment Research raised Weibo from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. BidaskClub raised Weibo from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Morgan Stanley assumed coverage on Weibo in a report on Friday, January 5th. They set an “overweight” rating and a $130.00 price target on the stock. Finally, ValuEngine cut Weibo from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $111.65.

Weibo (WB) opened at $129.66 on Wednesday. Weibo has a twelve month low of $47.36 and a twelve month high of $136.19. The stock has a market cap of $26,172.18, a PE ratio of 109.88 and a beta of 2.65.

Weibo (NASDAQ:WB) last issued its earnings results on Tuesday, February 13th. The information services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. Weibo had a net margin of 26.85% and a return on equity of 30.00%. The firm had revenue of $377.40 million for the quarter, compared to analysts’ expectations of $362.04 million. During the same quarter last year, the company posted $0.34 earnings per share. Weibo’s revenue was up 77.4% on a year-over-year basis. sell-side analysts anticipate that Weibo will post 1.51 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NEXT Financial Group Inc increased its stake in shares of Weibo by 9,900.0% during the third quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock valued at $100,000 after acquiring an additional 990 shares during the period. YorkBridge Wealth Partners LLC acquired a new position in shares of Weibo during the third quarter valued at approximately $105,000. Risk Paradigm Group LLC acquired a new position in shares of Weibo during the third quarter valued at approximately $109,000. Castleark Management LLC acquired a new position in shares of Weibo during the second quarter valued at approximately $110,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Weibo during the fourth quarter valued at approximately $203,000. 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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