Investors Sell Weibo (WB) on Strength (WB)

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Traders sold shares of Weibo Corp (NASDAQ:WB) on strength during trading hours on Monday. $23.71 million flowed into the stock on the tick-up and $63.77 million flowed out of the stock on the tick-down, for a money net flow of $40.06 million out of the stock. Of all companies tracked, Weibo had the 0th highest net out-flow for the day. Weibo traded up $0.30 for the day and closed at $76.74

Several equities analysts recently commented on the company. Barclays restated a “buy” rating and set a $130.00 target price (down from $150.00) on shares of Weibo in a research report on Sunday, July 29th. BidaskClub raised Weibo from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 25th. ValuEngine lowered Weibo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $145.00 price target on shares of Weibo in a research note on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Weibo presently has an average rating of “Buy” and an average price target of $131.00.

The company has a debt-to-equity ratio of 0.61, a current ratio of 3.97 and a quick ratio of 3.97. The company has a market capitalization of $16.98 billion, a PE ratio of 46.77 and a beta of 2.34.

Weibo (NASDAQ:WB) last issued its quarterly earnings results on Wednesday, August 8th. The information services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.02. Weibo had a return on equity of 37.75% and a net margin of 32.03%. The firm had revenue of $426.60 million during the quarter, compared to analyst estimates of $426.54 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue was up 68.4% compared to the same quarter last year. equities analysts predict that Weibo Corp will post 2.51 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WB. Artisan Partners Limited Partnership bought a new stake in shares of Weibo in the 2nd quarter valued at about $109,350,000. BlackRock Inc. lifted its stake in shares of Weibo by 32.8% in the 1st quarter. BlackRock Inc. now owns 4,319,410 shares of the information services provider’s stock valued at $516,344,000 after acquiring an additional 1,067,420 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Weibo by 683.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 258,400 shares of the information services provider’s stock valued at $30,890,000 after acquiring an additional 225,400 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Weibo by 898.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 248,690 shares of the information services provider’s stock valued at $22,074,000 after acquiring an additional 223,790 shares during the last quarter. Finally, Barings LLC lifted its stake in shares of Weibo by 6,816.4% in the 1st quarter. Barings LLC now owns 221,256 shares of the information services provider’s stock valued at $26,449,000 after acquiring an additional 218,057 shares during the last quarter. 27.50% of the stock is owned by institutional investors.

Weibo Company Profile (NASDAQ:WB)

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

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