Weibo Corporation $WB Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in Weibo Corporation (NASDAQ:WB) by 537.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,645 shares of the information services provider’s stock after purchasing an additional 111,821 shares during the period. Allianz Asset Management GmbH’s holdings in Weibo were worth $1,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Weibo by 497.1% in the second quarter. JPMorgan Chase & Co. now owns 720,348 shares of the information services provider’s stock valued at $6,865,000 after purchasing an additional 599,700 shares during the period. Marshall Wace LLP purchased a new position in shares of Weibo during the 2nd quarter valued at approximately $2,502,000. Prudential Financial Inc. grew its stake in Weibo by 72.3% in the 2nd quarter. Prudential Financial Inc. now owns 484,800 shares of the information services provider’s stock valued at $4,620,000 after acquiring an additional 203,500 shares during the period. American Century Companies Inc. grew its stake in Weibo by 48.7% in the 2nd quarter. American Century Companies Inc. now owns 588,845 shares of the information services provider’s stock valued at $5,612,000 after acquiring an additional 192,955 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Weibo in the 2nd quarter worth $1,412,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Analyst Ratings Changes

WB has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weibo in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Weibo from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Weibo Price Performance

NASDAQ:WB opened at $9.96 on Friday. Weibo Corporation has a one year low of $7.10 and a one year high of $12.96. The stock has a market cap of $2.43 billion, a PE ratio of 5.66, a P/E/G ratio of 5.29 and a beta of 0.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.35 and a current ratio of 3.35. The stock has a 50 day moving average price of $10.44 and a 200 day moving average price of $10.89.

Weibo Company Profile

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.