Weibo Co. (NASDAQ:WB) Given Average Rating of “Hold” by Brokerages

Shares of Weibo Co. (NASDAQ:WB) have been assigned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.23.

A number of brokerages have issued reports on WB. StockNews.com raised Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Citigroup increased their price objective on shares of Weibo from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Benchmark reissued a “hold” rating on shares of Weibo in a report on Wednesday, November 20th.

Weibo Trading Down 0.2 %

NASDAQ:WB opened at $9.26 on Friday. Weibo has a one year low of $7.03 and a one year high of $12.40. The business’s 50-day simple moving average is $9.43 and its 200 day simple moving average is $8.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 6.34 and a beta of 0.27.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Weibo by 60.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 282,199 shares of the information services provider’s stock valued at $2,845,000 after purchasing an additional 105,780 shares during the period. Citigroup Inc. boosted its holdings in shares of Weibo by 347.3% during the third quarter. Citigroup Inc. now owns 602,853 shares of the information services provider’s stock valued at $6,077,000 after acquiring an additional 468,072 shares during the period. Headlands Technologies LLC acquired a new position in shares of Weibo during the second quarter valued at $1,398,000. Krane Funds Advisors LLC increased its holdings in shares of Weibo by 17.4% in the 2nd quarter. Krane Funds Advisors LLC now owns 3,803,752 shares of the information services provider’s stock worth $29,213,000 after acquiring an additional 564,068 shares during the period. Finally, Polunin Capital Partners Ltd bought a new stake in Weibo in the 3rd quarter valued at about $5,064,000. 68.77% of the stock is currently owned by institutional investors.

Weibo Company Profile

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.