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StockNews.com upgraded shares of Weibo (NASDAQ:WB – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Thursday.
A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Weibo in a report on Monday, January 30th. They set a neutral rating on the stock. The Goldman Sachs Group upgraded shares of Weibo from a neutral rating to a buy rating and set a $25.00 target price on the stock in a report on Sunday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $29.44.
Get Weibo alerts:Weibo Stock Performance
NASDAQ WB opened at $19.13 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.73 and a quick ratio of 2.33. The company has a market cap of $4.53 billion, a P/E ratio of 53.14, a P/E/G ratio of 0.90 and a beta of 0.52. The stock has a 50-day moving average of $21.37 and a two-hundred day moving average of $17.94. Weibo has a 1-year low of $10.02 and a 1-year high of $28.40.
Institutional Investors Weigh In On Weibo
A number of large investors have recently modified their holdings of the company. Natixis purchased a new stake in shares of Weibo in the 4th quarter valued at approximately $278,000. DGS Capital Management LLC increased its position in shares of Weibo by 49.7% in the 4th quarter. DGS Capital Management LLC now owns 27,021 shares of the information services provider's stock valued at $517,000 after purchasing an additional 8,969 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Weibo in the 4th quarter valued at approximately $258,000. Legal & General Group Plc increased its position in shares of Weibo by 0.3% in the 4th quarter. Legal & General Group Plc now owns 569,112 shares of the information services provider's stock valued at $10,881,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Weibo by 185.0% in the 4th quarter. Millennium Management LLC now owns 123,312 shares of the information services provider's stock valued at $2,358,000 after purchasing an additional 80,044 shares during the last quarter. 27.46% of the stock is owned by hedge funds and other institutional investors.
Weibo Company Profile
(Get Rating)
Weibo Corp. engages in the creation, distribution, and discovery of Chinese-language content. It operates through the Advertising and Marketing Services, and Other Services segments. Its products and services include Self-Expression, such as Feed, Individual page, and Enterprise page; Social Products, such as Follow, Repost, Comment, Favorite, like, Mention, Messenger, and Group Chat; Discovery Products, such as Information Feed, Search, Object Page, Trends, and Discovery Channel; Notifications; Weibo Games; VIP Membership; and Weibo Apps.
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