StockNews.com initiated coverage on shares of Weibo (NASDAQ:WB – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a buy rating on the information services provider's stock.
Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Weibo in a research note on Monday, January 30th. They issued a neutral rating for the company. The Goldman Sachs Group upgraded Weibo from a neutral rating to a buy rating and set a $25.00 price objective for the company in a research report on Sunday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $30.86.
Get Weibo alerts:Weibo Price Performance
Shares of Weibo stock opened at $16.48 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 $3.90 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 0.78 and a beta of 0.52. The firm has a fifty day moving average price of $20.95 and a two-hundred day moving average price of $17.83. Weibo has a fifty-two week low of $10.02 and a fifty-two week high of $28.40.
Institutional Trading of Weibo
Several institutional investors have recently made changes to their positions in WB. Advisor Group Holdings Inc. boosted its stake in Weibo by 88.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the information services provider's stock valued at $35,000 after buying an additional 651 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Weibo in the 3rd quarter valued at $26,000. Lindbrook Capital LLC boosted its stake in shares of Weibo by 82.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,497 shares of the information services provider's stock valued at $29,000 after purchasing an additional 677 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Weibo by 164.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,502 shares of the information services provider's stock worth $81,000 after purchasing an additional 2,178 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its position in shares of Weibo by 362.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 4,895 shares of the information services provider's stock worth $72,000 after purchasing an additional 3,836 shares in the last quarter. 27.46% of the stock is currently owned by institutional investors and hedge funds.
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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