Weibo Co. (NASDAQ:WB) Receives Average Rating of “Hold” from Analysts

Weibo Co. (NASDAQ:WB) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $10.28.

Several equities research analysts recently commented on WB shares. Benchmark restated a “hold” rating on shares of Weibo in a research report on Wednesday, November 20th. StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a report on Friday, December 6th.

Weibo Price Performance

NASDAQ WB opened at $10.22 on Thursday. Weibo has a 1 year low of $7.03 and a 1 year high of $12.40. The stock’s 50-day moving average price is $9.74 and its two-hundred day moving average price is $8.94. The company has a market cap of $2.48 billion, a PE ratio of 7.00 and a beta of 0.26. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51.

Hedge Funds Weigh In On Weibo

Institutional investors and hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP increased its holdings in Weibo by 1.7% in the third quarter. Two Sigma Advisers LP now owns 1,153,088 shares of the information services provider’s stock worth $11,623,000 after buying an additional 19,200 shares during the last quarter. State Street Corp increased its stake in shares of Weibo by 0.7% during the 3rd quarter. State Street Corp now owns 931,749 shares of the information services provider’s stock worth $9,392,000 after purchasing an additional 6,369 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Weibo by 56.1% during the 2nd quarter. Millennium Management LLC now owns 726,940 shares of the information services provider’s stock valued at $5,583,000 after purchasing an additional 261,180 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Weibo by 347.3% in the 3rd quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock valued at $6,077,000 after purchasing an additional 468,072 shares during the last quarter. Finally, Polunin Capital Partners Ltd boosted its holdings in Weibo by 14.6% in the fourth quarter. Polunin Capital Partners Ltd now owns 575,750 shares of the information services provider’s stock worth $5,600,000 after purchasing an additional 73,412 shares in the last quarter. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.