SG Americas Securities LLC Lowers Stock Holdings in Weibo Corporation $WB

SG Americas Securities LLC cut its holdings in Weibo Corporation (NASDAQ:WB) by 79.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 17,110 shares of the information services provider’s stock after selling 66,998 shares during the period. SG Americas Securities LLC’s holdings in Weibo were worth $150,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WB. WealthCollab LLC grew its position in shares of Weibo by 50.1% in the fourth quarter. WealthCollab LLC now owns 5,123 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 1,709 shares during the period. Daiwa Securities Group Inc. acquired a new position in Weibo in the second quarter valued at $61,000. FourThought Financial Partners LLC acquired a new position in Weibo in the fourth quarter valued at $110,000. AQR Capital Management LLC purchased a new position in Weibo during the first quarter worth about $117,000. Finally, Verition Fund Management LLC purchased a new position in Weibo during the fourth quarter worth about $138,000. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WB shares. Jefferies Financial Group reissued a “buy” rating and issued a $9.80 price target on shares of Weibo in a research note on Thursday, May 28th. Zacks Research downgraded shares of Weibo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings lowered shares of Weibo from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.90.

Weibo Price Performance

Shares of NASDAQ WB opened at $7.72 on Monday. The stock has a market capitalization of $1.90 billion, a PE ratio of 5.40, a P/E/G ratio of 4.64 and a beta of 0.21. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $7.82 and a 200-day moving average of $9.07. Weibo Corporation has a 52-week low of $7.09 and a 52-week high of $12.96.

Weibo (NASDAQ:WB) last issued its earnings results on Thursday, May 28th. The information services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Weibo had a return on equity of 9.90% and a net margin of 21.15%.The firm had revenue of $421.33 million during the quarter, compared to analysts’ expectations of $416.76 million. During the same period last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Weibo Corporation will post 1.26 EPS for the current year.

Weibo 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.