Weibo (NASDAQ:WB – Get Rating) was upgraded by equities researchers at The Goldman Sachs Group from a “impartial” ranking to a “purchase” ranking in a analysis report issued to purchasers and traders on Sunday, The Fly studies.
Different equities analysts have additionally issued analysis studies concerning the firm. Jefferies Monetary Group decreased their worth goal on Weibo from $37.00 to $32.60 in a analysis observe on Tuesday, October 18th. StockNews.com began protection on Weibo in a analysis report on Wednesday, October twelfth. They issued a “maintain” ranking on the inventory. One equities analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and 4 have issued a purchase ranking to the corporate. Based mostly on knowledge from MarketBeat, the corporate presently has a consensus ranking of “Maintain” and a mean worth goal of $31.70.
Weibo Inventory Efficiency
NASDAQ WB traded down $0.27 throughout buying and selling on Friday, reaching $19.68. The corporate’s inventory had a buying and selling quantity of two,935,268 shares, in comparison with its common quantity of 1,703,966. Weibo has a 12 month low of $10.02 and a 12 month excessive of $36.51. The agency has a 50 day shifting common worth of $16.07 and a 200 day shifting common worth of $17.64. The agency has a market capitalization of $4.66 billion, a price-to-earnings ratio of 75.70, a price-to-earnings-growth ratio of 0.96 and a beta of 0.52. The corporate has a present ratio of two.33, a fast ratio of two.33 and a debt-to-equity ratio of 0.48.
Weibo (NASDAQ:WB – Get Rating) final introduced its quarterly earnings knowledge on Thursday, November seventeenth. The knowledge providers supplier reported $0.38 earnings per share for the quarter, assembly the consensus estimate of $0.38. The agency had income of $453.56 million through the quarter, in comparison with analysts’ expectations of $467.31 million. Weibo had a return on fairness of 11.40% and a web margin of two.96%. As a bunch, equities analysts anticipate that Weibo will submit 1.86 EPS for the present fiscal yr.
Institutional Inflows and Outflows
A number of hedge funds have just lately added to or decreased their stakes within the firm. Wipfli Monetary Advisors LLC acquired a brand new stake in Weibo through the third quarter price about $26,000. Advisor Group Holdings Inc. grew its stake in Weibo by 88.9% through the first quarter. Advisor Group Holdings Inc. now owns 1,383 shares of the knowledge providers supplier’s inventory price $35,000 after buying an extra 651 shares through the interval. Pinebridge Investments L.P. elevated its holdings in Weibo by 404.0% within the second quarter. Pinebridge Investments L.P. now owns 3,024 shares of the knowledge providers supplier’s inventory price $70,000 after buying an extra 2,424 shares within the final quarter. Janiczek Wealth Administration LLC lifted its stake in Weibo by 362.2% within the third quarter. Janiczek Wealth Administration LLC now owns 4,895 shares of the knowledge providers supplier’s inventory valued at $72,000 after shopping for an extra 3,836 shares through the interval. Lastly, Boston Companions purchased a brand new place in shares of Weibo through the third quarter price roughly $76,000. Institutional traders personal 27.46% of the corporate’s inventory.
Weibo Firm Profile
Weibo Company, by its subsidiaries, operates as a social media platform for individuals to create, distribute, and uncover content material within the Folks’s Republic of China. It operates in two segments, Promoting and Advertising and marketing Companies; and Worth-Added Companies. The corporate affords discovery merchandise to assist customers uncover content material on its platform; self-expression merchandise that allow its customers to precise themselves on its platform; and social merchandise to advertise social interplay between customers on its platform.
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