Weibo (NASDAQ:WB) Stock Price Down 3.4%

Weibo Co. (NASDAQ:WBGet Free Report)’s stock price fell 3.4% during mid-day trading on Friday . The company traded as low as $9.52 and last traded at $9.70. 1,455,748 shares changed hands during trading, a decline of 34% from the average session volume of 2,202,325 shares. The stock had previously closed at $10.04.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WB. UBS Group upgraded Weibo from a “neutral” rating to a “buy” rating and decreased their target price for the company from $12.90 to $11.50 in a research report on Tuesday, March 19th. Morgan Stanley lowered Weibo from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $11.00 to $10.00 in a research report on Friday. HSBC decreased their target price on Weibo from $13.60 to $9.80 and set a “hold” rating on the stock in a research report on Friday, March 15th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $10.60 target price on shares of Weibo in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.65.

Get Our Latest Research Report on Weibo

Weibo Stock Down 3.8 %

The business has a fifty day simple moving average of $9.04 and a two-hundred day simple moving average of $9.60. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.26 billion, a PE ratio of 6.80, a price-to-earnings-growth ratio of 1.46 and a beta of 0.40.

Weibo (NASDAQ:WBGet Free Report) last issued its earnings results on Thursday, March 14th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.14). Weibo had a return on equity of 10.77% and a net margin of 19.47%. The company had revenue of $463.67 million during the quarter, compared to analyst estimates of $452.30 million. As a group, equities research analysts predict that Weibo Co. will post 1.64 earnings per share for the current year.

Weibo Cuts Dividend

The business also recently declared a — dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, April 12th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, April 11th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS Group AG raised its holdings in Weibo by 1,360.0% in the 3rd quarter. UBS Group AG now owns 2,268,124 shares of the information services provider’s stock valued at $28,442,000 after buying an additional 2,112,773 shares during the period. Goldman Sachs Group Inc. raised its holdings in Weibo by 199.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,075,326 shares of the information services provider’s stock valued at $33,675,000 after buying an additional 2,047,135 shares during the period. ARGA Investment Management LP raised its holdings in Weibo by 14.5% in the 4th quarter. ARGA Investment Management LP now owns 6,825,571 shares of the information services provider’s stock valued at $74,740,000 after buying an additional 864,120 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Weibo in the 1st quarter valued at about $7,435,000. Finally, BNP Paribas Financial Markets raised its holdings in Weibo by 408.0% in the 4th quarter. BNP Paribas Financial Markets now owns 872,496 shares of the information services provider’s stock valued at $9,554,000 after buying an additional 700,758 shares during the period. Hedge funds and other institutional investors own 68.77% of the company’s stock.

Weibo Company Profile

(Get Free Report)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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.

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