Profund Advisors LLC grew its holdings in shares of Weibo Corp (NASDAQ:WB) by 25.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,346 shares of the information services provider’s stock after buying an additional 2,326 shares during the period. Profund Advisors LLC’s holdings in Weibo were worth $1,174,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. NEXT Financial Group Inc grew its stake in Weibo by 9,900.0% in the third quarter. NEXT Financial Group Inc now owns 1,000 shares of the information services provider’s stock worth $100,000 after purchasing an additional 990 shares during the period. Risk Paradigm Group LLC purchased a new stake in Weibo in the third quarter worth $109,000. Sequoia Financial Advisors LLC purchased a new stake in Weibo in the fourth quarter worth $203,000. Ipswich Investment Management Co. Inc. purchased a new stake in Weibo in the fourth quarter worth $208,000. Finally, YorkBridge Wealth Partners LLC grew its stake 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 purchasing an additional 743 shares during the period. 22.40% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on WB shares. BidaskClub raised Weibo from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. upped their price target on Weibo from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. ValuEngine raised Weibo from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barclays upped their price target on Weibo from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research cut Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, February 24th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Weibo currently has an average 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 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Weibo had a return on equity of 35.57% and a net margin of 30.66%. The firm had revenue of $377.40 million for the quarter, compared to analysts’ expectations of $362.04 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 77.4% on a year-over-year basis. equities research analysts anticipate that Weibo Corp will post 2.57 EPS for the current year.
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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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