Caprock Group LLC Purchases New Shares in Weibo Corporation $WB

Caprock Group LLC purchased a new position in shares of Weibo Corporation (NASDAQ:WB) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 53,332 shares of the information services provider’s stock, valued at approximately $611,000.

A number of other institutional investors have also recently added to or reduced their stakes in WB. Daiwa Securities Group Inc. acquired a new stake in shares of Weibo during the second quarter valued at about $61,000. AQR Capital Management LLC purchased a new position in Weibo in the first quarter valued at about $117,000. Fox Run Management L.L.C. acquired a new stake in Weibo during the 2nd quarter valued at approximately $136,000. Savant Capital LLC acquired a new stake in Weibo during the 3rd quarter valued at approximately $153,000. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in Weibo during the 2nd quarter worth approximately $155,000. Institutional investors and hedge funds own 68.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WB shares. Wall Street Zen cut Weibo from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weibo in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Weibo presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Weibo Price Performance

Shares of NASDAQ:WB opened at $10.01 on Tuesday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 5.21 and a beta of 0.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.35 and a quick ratio of 3.35. Weibo Corporation has a 12 month low of $7.10 and a 12 month high of $12.96. The stock’s 50 day moving average price is $10.42 and its 200 day moving average price is $10.90.

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.