Jefferies Group LLC grew its stake in shares of Weibo Corp (NASDAQ:WB) by 226.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,000 shares of the information services provider’s stock after purchasing an additional 12,479 shares during the period. Jefferies Group LLC’s holdings in Weibo were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new stake in shares of Weibo in the 2nd quarter worth about $2,963,000. Voya Investment Management LLC acquired a new stake in shares of Weibo in the 2nd quarter worth about $307,000. First Trust Advisors LP raised its holdings in shares of Weibo by 19.5% in the 3rd quarter. First Trust Advisors LP now owns 63,948 shares of the information services provider’s stock worth $6,327,000 after acquiring an additional 10,449 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Weibo in the 3rd quarter worth about $311,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Weibo by 1,569.6% in the 3rd quarter. Victory Capital Management Inc. now owns 65,014 shares of the information services provider’s stock worth $6,432,000 after acquiring an additional 61,120 shares during the last quarter. Hedge funds and other institutional investors own 22.40% of the company’s stock.
WB has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Weibo from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. ValuEngine raised shares of Weibo from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Benchmark upped their price objective on shares of Weibo from $110.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. BidaskClub downgraded shares of Weibo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Barclays upped their price objective on shares of Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $124.50.
Weibo (NASDAQ:WB) last released its earnings results on Tuesday, February 13th. The information services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Weibo had a net margin of 30.66% and a return on equity of 35.57%. The firm had revenue of $377.40 million during the quarter, compared to the consensus estimate of $362.04 million. During the same period in the prior year, the firm earned $0.34 EPS. The company’s revenue was up 77.4% compared to the same quarter last year. equities analysts predict that Weibo Corp will post 2.57 earnings per share for the current fiscal year.
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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